As a part of the Economic Recovery Plan, the government lands investment portal was launched as an embodiment of the partnership between the public and private sectors, by displaying government lands for investment, and making all their data available to all potential investors.
The initiative to launch the government land investment platform falls under the priority of facilitating commercial procedures and increasing their effectiveness within the economic recovery plan and aims to strengthen the partnership between the government and private sectors, stimulate investment and land construction, and accelerate the implementation of development projects for citizens and residents in the Kingdom.
The government land investment platform enables investors wishing to invest in government lands to submit their proposals regarding investment projects, and also links them to the electronic system of the Tenders and Auctions Board, where those wishing to enter bids on government lands offered for investment can submit their bids through the tenders and auctions system, as this aims The mechanism aims to achieve the highest levels of transparency and fairness, and provide an atmosphere of free and fair competition at all stages of bidding on government lands.
The platform is also an innovative way to facilitate investment procedures in government lands and develop the mechanism and governance of procedures related to investment in government lands. The platform contributes to linking investors with government real estate and the entities disposing of it in one platform within the framework of enhancing transparency and making government land data available fairly to those wishing to invest in it and involving the private sector in providing government services and attracting quality investments.
Types of investment lands are classified as follows:
• General
• Commercial
• Residential
• Educational
• Entertaining
• Agricultural
Investment mechanism:
Government lands for investment will be put up for auctions via the electronic system of the Tenders and Auctions Board, either in a public auction or in a competitive negotiation manner.
The type of bid will be determined based on the purpose of the investment, as follows:
Public Auction:
Government lands will be put up in public auctions if the details of the purpose of investing government land are specified and the facility or project to be established on government land is specified. The projects vary between projects for educational, health, commercial, or recreational purposes.
Competitive Negotiation:
A competitive negotiation method will be followed to offer government lands for investment if the government wishes to obtain the views of the private sector on the most appropriate project to exploit government lands, which is what the first stage of this method of bidding depends on.
