Monday 13 July 2020

Saudi Neom project developers to get compensation over Covid

RIYADH, May 24, 2020

Real estate owners that are involved in Saudi Arabia’s Neom project will be financially compensated by the National Program for Community Development, reported Arab News.

The program, also known as “Tanmia” in Arabic, will compensate owners in Sharma, Qayal, Al-Khuraibah, Al-Asilah, Al-Sur, Bir Fahman, it stated.

The announcement comes after the programme said it was halting inventory work in April and compensation would be paid in record time, and before the period specified in the program’s planned schedule.

“This is to ensure that recipients are compensated in successive installments as soon as possible,” the program added.


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