CMA plans 4 regulations to boost liquidity in real estate market: El-Kuwaiz

23/01/2024 Argaam
Mohammed El-Kuwaiz, Chairman of CMA

Mohammed El-Kuwaiz, Chairman of CMA

The Capital Market Authority (CMA) intends to launch this year four regulations to develop the local real estate sector, with the aim to create more liquidity and financing for companies, Al Eqtisadiah newspaper reported, citing Mohammed El-Kuwaiz, Chairman of the CMA.

 

The measures for developing the real estate sector include developing the debt market. In addition, developing the system of real estate contributions, especially the service that will be provided to small developers, El-Kuwaiz pointed out.

 

There are further developments that many funds are expected to benefit from, along with the liberalization of investment in Makkah and Madinah.

 

The official indicated that a large number of investors in the real estate sector will benefit either by liberalizing funds or liberalizing investment in listed companies that invest in Makkah and Madinah.

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