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Tasfiah Reveals Largest Real Estate Auction In Saudi Arabia

Tasfiah Reveals Largest Real Estate Auction In Saudi Arabia
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Tasfiah Reveals Largest Real Estate Auction In Saudi Arabia

Tasfiah Reveals Largest Real Estate Auction In Saudi Arabia

General Secretary of Saudi Estate Contributions Commission (Tasfiah) revealed that a contribution land has been sold for SAR1.937 billion in the largest real estate auction in 2020.

Badr Alshuwaier said the land, known as “Jawharat Al-Matar” - is in Dammam city near the King Fahd International Airport (KFIA) and spans around 10 million square meters.

He said Tasfiah will continue to realize successive achievements by selling a number of real estate contribution lands before the end of 2020.

Earlier, the commission revealed plans to sell contribution lands through public auctions or direct sales of total area amounting to about 20 million square meters.

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Syria to Receive Electricity-generating Ships from Qatar, Türkiye

FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo
FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo
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Syria to Receive Electricity-generating Ships from Qatar, Türkiye

FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo
FILE PHOTO: A view shows electricity pylons in Kiswah, Damascus suburbs, Syria September 8, 2021. REUTERS/Yamam al Shaar/File Photo

Syria will receive two electricity-generating ships from Türkiye and Qatar to boost energy supplies hit by damage to infrastructure during President Bashar al-Assad's rule, state news agency SANA quoted an official as saying on Tuesday.
Khaled Abu Dai, director general of the General Establishment for Electricity Transmission and Distribution, told SANA the ships would provide a total of 800 megawatts of electricity but did not say over what period.
"The extent of damage to the generation and transformation stations and electrical connection lines during the period of the former regime is very large, we are seeking to rehabilitate (them) in order to transmit energy,” Abu Dai said.
According to Reuters, he did not say when Syria would receive the two ships.
The United States on Monday issued a sanctions exemption for transactions with governing institutions in Syria for six months after the end of Assad's rule to try to increase the flow of humanitarian assistance.
The exemption allows some energy transactions and personal remittances to Syria until July 7. The action did not remove any sanctions.
Syria suffers from severe power shortages, with state-supplied electricity available just two or three hours a day in most areas. The caretaker government says it aims within two months to provide electricity up to eight hours a day.