Launch of RER to reinforce real estate sector's reliability, spur investments: official

Logo of National Real Estate Registration Services Co. (RER)

The launch of National Real Estate Registration Services Co. (RER) marks an important stage in reinforcing the reliability and accuracy of ownership and properties, as well as in developing real estate wealth and spurring investments, said Abdullah Alhammad, Acting CEO of Real Estate General Authority (REGA). 
 

He added that the launch of RER will preserve the rights of dealers in the sector, which realizes the Vision 2030 goals with regard to digital transformation, Saudi Press Agency reported. 
 

The REGA will assume its responsibilities, in partnership with the related government bodies in its capacity as the entity responsible for real estate registration and declaration of target registrationareas in successive stages, said the official. 

The Public Investment Fund (PIF) announced today the launch of RER, which aims to contribute to the digitization and development of the local real estate sector, according to Argaam data.