Saudi Infath puts more than 40 real estate opportunities up for grabs in public auctions
Properties are up for grabs in numerous areas of Saudi Arabia, covering a total area of more than 31,000 sqm
Downtown Riyadh Saudi Arabia. Image used for illustrative purpose.
By Staff Writer, Arab News
RIYADH: A palace, multiple villas and houses in the Kingdom's capital city are just some of the 42 items up for auction this month by the Saudi Entrustment and Liquidation Centre.
The organisation, known as Infath, is carrying out the sales between Monday September 13 and Monday September 27 through eight public auctions.
Properties are up for grabs in numerous areas of Saudi Arabia, covering a total area of more than 31,000 sqm.
The Diyar Al Sharq Electronic Auction will showcase six real estate opportunities, including in an apartment, a palace, two popular houses, a residential plot of land and a villa in Dammam, while the Aflaj Auction will see bidding on a residential and commercial building and a villa in Al-Aflaj Governorate.
The Riyadh Summit electronic auction will comprise eight pieces of land, two villas and two popular houses in Riyadh, and the first electronic resort auction will focus on eight real estate opportunities represented in buildings, land, and a popular house in Taif.
The Electronic Palm Auction centres on a residential villa in the Al-Nakhil neighborhood in Riyadh, while the Qema Al-Nozha Electronic Auction will cover five investment opportunities in Riyadh Al-Khubra Governorate.
The Jazan Electronic Auctions will facilitate bids on five commercial stretches of land and two buildings.
There is also the Khamis Mushait Electronic Auction.
Infath is an independent governmental centre, seeking to build cooperation between the judicial and governmental entities in areas of liquidations, sales and other assets that are not subjected to a current legal dispute.
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