Technical guide for handling delayed, stalled off-plan projects approved

09/11/2024 Argaam
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag

Minister of Municipalities and Housing Majid Al-Hogail and Chairman of the Real Estate General Authority (REGA) approved the technical guide for handling delayed and stalled real estate off-plan projects.

 

According to Umm Al-Qura official gazette, a project is deemed delayed in case it falls behind the schedule.

 

The delay is defined according to the schedule performance index (SPI).

 

Delay

SPI

Mild

From 0.90 to 0.99

Medium

From 0.80 to 0.89

Severe

Less than 0.79

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