News In Brief
Government exempts state-owned commercial real estate from usufruct fees
April 06, 2020 - 12:03
Written by: SafaAlharathy
Tenants of state-owned commercial real estate will be exempted from rental fees, says the Presidential Council.
According to a decision issued by the Ministry of Finance, the tenants will be also exempted from paying fines for the "delay" in paying the rental fees in accordance with the laws and regulations.
The government indicated that the decision will be in effect during the state of emergency, as part of the procedures to confront the coronavirus epidemic.