Official government website of the Government of the Kingdom of Saudi Arabia
How to verify
Links to official Saudi websites end with edu.sa

All links to official websites of government agencies in the Kingdom of Saudi Arabia end with gov.sa.

Government websites use the HTTPS protocol for encryption and security.

Secure websites in the Kingdom of Saudi Arabia use the HTTPS protocol for encryption.

Tasks :

- Promoting investment projects through local newspapers via public auctions.
- Selling detailed terms and specifications booklets through the Investment Department.
- Receiving and directing offers to the Permanent Committee for opening envelopes of public auctions for leasing and investment before the set deadline.
- Presenting auction and investment project offers to the Permanent Committee for assessment.
- Providing recommendations from the Bids Examination Committee to the authorized person for decision-making.
- Drafting notification letters to inform investors of award decisions.
- Concluding contracts with winning bidders after award notification and receiving a final guarantee letter amounting to 15% of the contract value for leasing or 5% for investments without leasing within fifteen working days.
- Sharing copies of leasing and investment contracts with annual revenues exceeding fifty thousand to the Ministry of Finance for review before execution.
- Submitting contract copies to the Purchasing and Tenders Department for inclusion in the Etimad platform.
- Collecting full annual rent within ten days of each contractual year's commencement or agreeing to a lump sum payment for the contract duration.
- Adhering to government property leasing and investment rules from the government tenders and procurement system.
-Taking into account the implementation of the instructions in the rules for leasing and investing government properties from the government tenders and procurement system.
- Any other tasks assigned by the competent authority.