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The Jabal Omar area of physical development of a comprehensive in Mecca
Prince Abdul Majeed bin Abdul Aziz announced the establishment of a public joint stock company to which all owners of Jabal Omar Bakarathm shares in the capital of the company
MECCA WAS: Prince Abdul Majeed bin Abdul Aziz, Emir of Makkah Region, the President of the supreme body to develop the Mecca region of Jabal Omar Development District under the supervision of a physical body. He said in a statement to the Saudi news agency that the Commission had completed a number of studies to address all the core issues in the process of urban development to form the basic curriculum, which starts from the body in the planning and implementation of any developmental project for the central region of Mecca is the most important development of the methodology of those studies Mecca and foundations for the development of the region Jabal Omar, adding that the body is in the process of adoption of the development of the central area through programs and projects contribute to the private sector in the implementation of the guidance and support, including calls on all property owners within the areas of the cooperation and participation in the development of actual participation.
He said the supreme body for the development of the Mecca region, the central land identified within the scope of the Second Ring Road and will develop and update plans for structural Mecca and holy feelings in general and the detailed mechanisms and the central region, in particular, implementation and coordination between those responsible for planning and implementation in Mecca and holy feelings, he The body will keep the developers, investors and owners of these areas on the approved plans, along with updated controls and inform them of the formal and substantive requirements that achieve the objectives of development and a reservation of rights. The Emir of Makkah Region, is expected to become the central planning and regulation of real estate units and to different area and separate from each other, where each unit consists of one king or a set of diverse properties from this point of view, the Board believes that the disposition of these units as follows: If the unit wholly owned real estate to the owner of one or only delivered to the owner to dispose of in accordance with the requirements of the planning and management did not want to participate in the development in cash or in kind as the case, it does not benefit from the advantages of development and if there is public interest, the body compensated for the property and stop the Holy Mosque in Mecca and the holy feelings and put in the public competition for investment. If the entire property or a public facility owned by the property of the State are being stopped at the Grand Mosque and the Holy Al-Sharif and then put in the public competition for investment in real estate if the unit was a joint agreement between the owners and can Tradihm both the composition of the company, including the sale or each other or to third parties where Imhlon for that year, he shall not agree, the owners and is being brought to the Holy Mosque in Mecca and the holy feelings.
He said that if the real estate joint public facilities and the staff of Awqaf and multi Tradihm and can not agree, he shall have endowments and private property and stop the Holy Mosque in Mecca and the holy feelings and then put in the public competition, saying that if he wanted on the property owner and replace him by another location within the site that the developer has. The Prince Abdul Majeed bin Abdul Aziz had been on the real estate properties located in the central area, if necessary, according to the system of expropriation in the public interest and to end the Holy Mosque in Mecca and the holy feelings and then put the sites blocked for investment, indicating that the owners be compensated from the budget of the State when there is adequate provision in the budget and the body will only pay compensation from the amounts earned from the investment of endowed positions is involved in the development. He reported that the developers are to provide suggestions during the development of specific mechanisms will be given the opportunity for another developer in the event of lack of commitment by the developer during the period of the first set by the body as well as the body communicate with each investor willing to invest in the development of Mecca as investors seek to urge the Commission to apply to take advantage of opportunities and projects that will put up in Mecca in accordance with the mechanisms identified.
He explained in his statement to the Saudi news agency basis for the development of the area of Jabal Omar, Mecca, which amounts to a total area of square meters of the declaration of the Jabal Omar Development District under the supervision of a physical body and the establishment of a partnership between the owners of the area of Jabal Omar, in the form of a public joint stock company called the Jabal Omar Company development area, which is available to all owners of Jabal Omar Bakarathm participating shares in the capital of the company. As with the body's Jabal Omar Development is responsible for implementation of the development of the whole region with the Secretariat of the Holy City shall waive all their own list of ways Brhat and land in the white area of the company in exchange for all of the development of the region provided from the streets, squares and public facilities as well as the composition of the founding owners of the mountain The secretariat of the current terms of the Holy City in the membership of the Council's ownership of gold for the current site until the completion of the foundation of the company and the formation of the first Board of management will be an end to the gold membership to the secretariat and the implementation of the process become the responsibility of development of the region to the company's general assembly and board of directors.
The Emir of Makkah Region, said one basis for the development of the region's Jabal Omar Development Company to compensate the Makkah Construction and Development of the financial costs incurred to study the development of the region since the beginning of the project to hand over responsibility to the company of the Jabal Omar development since it recognizes the size of the appropriate compensation is paid in cash or shares in the company of the Jabal Omar development as well as the appreciation of the value of all properties of the lands and the construction in accordance with the status quo by the State Committee entrusted with the assessment of real estate. The company also offers alternative government facilities for all existing public utilities in the region by land and building with the consent of the Board. He noted that the Commission adopts the scheme of the overall development of the region and Bcoreeth precincts and services and spending, infrastructure and private investment plots with descriptions of each piece of property in addition to the address of where the opportunity for the owner who does not wish to participate with the sale of the company's ownership of the company, which is the price appreciation of the State Committee any sale or another buyer, but in case the owner refused to participate or sale would be dealing with the situation according to the following actions: first, inducing the property located in streets or squares, or will the new facilities for the benefit of the body removed by the Secretariat of the Holy City or the State recipient of the interest of the agony of death General and subject to the usual government procedures disarmament and the agony of death shall be paid compensation by the company. Secondly, property of inducing the sites that fall within the new investment can not be dealt with are planning to offer all owners of sites to sell the entire new site at public auction under the supervision of the authority and the distribution of the sales price as percentage of the value of their property after deducting the estimated value of the streets and utilities to be borne by the buyer's costs development estimated by the Commission.
The agreement in the case of a group of property owners to maintain private ownership in one of the sites of the new investment will update the value of public lands, including the amount of their participation in development costs.
IV property, which refuses to participate and sale of the company or others, or auction will disarm for the benefit of the Waqf al-Sharif Mosque in Mecca after the completion of the proceedings.
And Prince Abdul Majeed bin Abdul Aziz said among the foundations for the development of the region by the body to complete the statutory procedures necessary for the development and follow-up to the relevant governmental bodies to address the issues of property holdings and the different valuation of the site and other real estate, which will facilitate and accelerate the development process of the region in addition to the care of the rights of all owners as well as Company Jabal Omar development to take care of the streets, facilities and services and infrastructure during the period of implementation of development and then move this responsibility to the Union of the owners of the company's owners and others. He said it was well known to all that the majority of districts of Mecca, especially the area around the Haram al-Sharif of Mecca's random and unplanned, lacking many of the services and guidance in line with the Quran to give priority to the central region in the organization because of their importance and purpose of being a large crowd of pilgrims and Umrah performers and visitors and the intensity of the need to find appropriate housing is available services are safe and convenient ways to Cassidy the Sacred House of God so it was necessary to establish a supreme body for the development of the area of Mecca, which will be God's organization of the region and the implementation of mega-projects vital.
He noted that the development projects of the region requires the participation and cooperation of all parties to the private sector developers, investors and owners to benefit all and to all public interests.
Prince Abdul Majeed bin Abdul Aziz announced the establishment of a public joint stock company to which all owners of Jabal Omar Bakarathm shares in the capital of the company
MECCA WAS: Prince Abdul Majeed bin Abdul Aziz, Emir of Makkah Region, the President of the supreme body to develop the Mecca region of Jabal Omar Development District under the supervision of a physical body. He said in a statement to the Saudi news agency that the Commission had completed a number of studies to address all the core issues in the process of urban development to form the basic curriculum, which starts from the body in the planning and implementation of any developmental project for the central region of Mecca is the most important development of the methodology of those studies Mecca and foundations for the development of the region Jabal Omar, adding that the body is in the process of adoption of the development of the central area through programs and projects contribute to the private sector in the implementation of the guidance and support, including calls on all property owners within the areas of the cooperation and participation in the development of actual participation.
He said the supreme body for the development of the Mecca region, the central land identified within the scope of the Second Ring Road and will develop and update plans for structural Mecca and holy feelings in general and the detailed mechanisms and the central region, in particular, implementation and coordination between those responsible for planning and implementation in Mecca and holy feelings, he The body will keep the developers, investors and owners of these areas on the approved plans, along with updated controls and inform them of the formal and substantive requirements that achieve the objectives of development and a reservation of rights. The Emir of Makkah Region, is expected to become the central planning and regulation of real estate units and to different area and separate from each other, where each unit consists of one king or a set of diverse properties from this point of view, the Board believes that the disposition of these units as follows: If the unit wholly owned real estate to the owner of one or only delivered to the owner to dispose of in accordance with the requirements of the planning and management did not want to participate in the development in cash or in kind as the case, it does not benefit from the advantages of development and if there is public interest, the body compensated for the property and stop the Holy Mosque in Mecca and the holy feelings and put in the public competition for investment. If the entire property or a public facility owned by the property of the State are being stopped at the Grand Mosque and the Holy Al-Sharif and then put in the public competition for investment in real estate if the unit was a joint agreement between the owners and can Tradihm both the composition of the company, including the sale or each other or to third parties where Imhlon for that year, he shall not agree, the owners and is being brought to the Holy Mosque in Mecca and the holy feelings.
He said that if the real estate joint public facilities and the staff of Awqaf and multi Tradihm and can not agree, he shall have endowments and private property and stop the Holy Mosque in Mecca and the holy feelings and then put in the public competition, saying that if he wanted on the property owner and replace him by another location within the site that the developer has. The Prince Abdul Majeed bin Abdul Aziz had been on the real estate properties located in the central area, if necessary, according to the system of expropriation in the public interest and to end the Holy Mosque in Mecca and the holy feelings and then put the sites blocked for investment, indicating that the owners be compensated from the budget of the State when there is adequate provision in the budget and the body will only pay compensation from the amounts earned from the investment of endowed positions is involved in the development. He reported that the developers are to provide suggestions during the development of specific mechanisms will be given the opportunity for another developer in the event of lack of commitment by the developer during the period of the first set by the body as well as the body communicate with each investor willing to invest in the development of Mecca as investors seek to urge the Commission to apply to take advantage of opportunities and projects that will put up in Mecca in accordance with the mechanisms identified.
He explained in his statement to the Saudi news agency basis for the development of the area of Jabal Omar, Mecca, which amounts to a total area of square meters of the declaration of the Jabal Omar Development District under the supervision of a physical body and the establishment of a partnership between the owners of the area of Jabal Omar, in the form of a public joint stock company called the Jabal Omar Company development area, which is available to all owners of Jabal Omar Bakarathm participating shares in the capital of the company. As with the body's Jabal Omar Development is responsible for implementation of the development of the whole region with the Secretariat of the Holy City shall waive all their own list of ways Brhat and land in the white area of the company in exchange for all of the development of the region provided from the streets, squares and public facilities as well as the composition of the founding owners of the mountain The secretariat of the current terms of the Holy City in the membership of the Council's ownership of gold for the current site until the completion of the foundation of the company and the formation of the first Board of management will be an end to the gold membership to the secretariat and the implementation of the process become the responsibility of development of the region to the company's general assembly and board of directors.
The Emir of Makkah Region, said one basis for the development of the region's Jabal Omar Development Company to compensate the Makkah Construction and Development of the financial costs incurred to study the development of the region since the beginning of the project to hand over responsibility to the company of the Jabal Omar development since it recognizes the size of the appropriate compensation is paid in cash or shares in the company of the Jabal Omar development as well as the appreciation of the value of all properties of the lands and the construction in accordance with the status quo by the State Committee entrusted with the assessment of real estate. The company also offers alternative government facilities for all existing public utilities in the region by land and building with the consent of the Board. He noted that the Commission adopts the scheme of the overall development of the region and Bcoreeth precincts and services and spending, infrastructure and private investment plots with descriptions of each piece of property in addition to the address of where the opportunity for the owner who does not wish to participate with the sale of the company's ownership of the company, which is the price appreciation of the State Committee any sale or another buyer, but in case the owner refused to participate or sale would be dealing with the situation according to the following actions: first, inducing the property located in streets or squares, or will the new facilities for the benefit of the body removed by the Secretariat of the Holy City or the State recipient of the interest of the agony of death General and subject to the usual government procedures disarmament and the agony of death shall be paid compensation by the company. Secondly, property of inducing the sites that fall within the new investment can not be dealt with are planning to offer all owners of sites to sell the entire new site at public auction under the supervision of the authority and the distribution of the sales price as percentage of the value of their property after deducting the estimated value of the streets and utilities to be borne by the buyer's costs development estimated by the Commission.
The agreement in the case of a group of property owners to maintain private ownership in one of the sites of the new investment will update the value of public lands, including the amount of their participation in development costs.
IV property, which refuses to participate and sale of the company or others, or auction will disarm for the benefit of the Waqf al-Sharif Mosque in Mecca after the completion of the proceedings.
And Prince Abdul Majeed bin Abdul Aziz said among the foundations for the development of the region by the body to complete the statutory procedures necessary for the development and follow-up to the relevant governmental bodies to address the issues of property holdings and the different valuation of the site and other real estate, which will facilitate and accelerate the development process of the region in addition to the care of the rights of all owners as well as Company Jabal Omar development to take care of the streets, facilities and services and infrastructure during the period of implementation of development and then move this responsibility to the Union of the owners of the company's owners and others. He said it was well known to all that the majority of districts of Mecca, especially the area around the Haram al-Sharif of Mecca's random and unplanned, lacking many of the services and guidance in line with the Quran to give priority to the central region in the organization because of their importance and purpose of being a large crowd of pilgrims and Umrah performers and visitors and the intensity of the need to find appropriate housing is available services are safe and convenient ways to Cassidy the Sacred House of God so it was necessary to establish a supreme body for the development of the area of Mecca, which will be God's organization of the region and the implementation of mega-projects vital.
He noted that the development projects of the region requires the participation and cooperation of all parties to the private sector developers, investors and owners to benefit all and to all public interests.
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