MUSCAT: The first article of the decision to replace the text of item 2 of Annex No. 12 attached to the list of values, fees and prices collected by the Ministry of Housing and Urban Planning, stipulated the real estate development project license at OMR 200.
The second article of the decision stipulates the publication of this decision in the Official Gazette, and it comes into force from the day following the date of its publication.
This decision was based on the System of Escrow Account for Real Estate Development Projects issued by Royal Decree No. 30/2018, and on the executive regulations of the Escrow account system for real estate development projects issued by Ministerial Resolution No. 72/2016, as well as the list of values, fees and prices collected by the Ministry of Housing and Urban Planning, issued by resolution Ministerial No. 92/2016, and approved by the Ministry of Finance.
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