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TRANSPORT-
Delivery drivers get a rest: The Transport General Authority (TGA) launched its first model rest area for delivery drivers in Al Khobar, as part of a broader push towards improving working conditions in the sector, it said in a post on X. The facility includes air-conditioned rest zones and designated waiting areas.
ICYMI- Orders handled by delivery apps in the Kingdom reached 290 mn in 2024, with Riyadh Province accounting for 45.3% of the orders at 130.5 mn orders, followed by Makkah Province at 65.4 mn (22.7%) and the Eastern Province at 43.2 mn (15%).
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REAL ESTATE-
#1- The Real Estate General Authority (Rega) launched a fresh sub-brokerage contract service, enabling primary brokers to establish formal agreements with sub-brokers for property marketing, it said in a statement. The service defines the financial rights, responsibilities, deposit distribution methods, and commission structures governing the broker-sub-broker relationship.
Creating a subcontract: The primary broker can now log in to Rega’s Fal platform and create a sub-brokerage contract under an active brokerage contract with the property owner. Both brokers must have an active Fal license, with the sub-contract’s validity tied to these existing agreements, and must not exceed that of the main contract or the expiration dates of either broker’s license.
ICYMI- Last week, the Authority announced that it granted 71 FAL licenses to electronic real estate platforms since the program started. The licensed platforms allow Samah, Property Finder, and Dar, among others, to offer online real estate brokerage and marketing services.
#2- Riyadh’s iconic Saladin Hotel was sold for over SAR 170 mn (SAR 15k per sqm) in a public auction to Khawalid Real Estate Company, Khawalid’s General Manager Malik Almajid told Aleqtisadiah. The luxury hotel was built on a plot of more than 11k sqm around 46 years ago, and sits on the King Abdulaziz Road, King Salman District. The new owners plan to demolish it within six months to make way for a new residential and hotel project.
