Istitlaa Platform Opens 17 Projects For Public Feedback On Economic And Development Reforms

The National Competitiveness Center’s Istitlaa platform is reviewing 17 draft projects on economic and development issues, gathering views from individuals and institutions before approval, and allowing comments on key regulations that influence Saudi Arabia’s financial, real estate, and bankruptcy frameworks.

These public consultation projects are designed to improve the regulatory environment, increase legal clarity, and support investment decisions, while also allowing early identification of practical challenges that could arise when the rules are implemented across different sectors.

Through Istitlaa, the National Competitiveness Center works with 15 government entities, inviting contributions from the public, government bodies, and the private sector, so that regulatory proposals benefit from broad practical experience before moving to the final approval phase.

The Ministry of Finance project, titled "Executive Regulation of Financial Control," seeks to reshape oversight of public funds by tightening checks on financial procedures, reinforcing accountability and integrity, improving transparency standards, and coordinating financial control processes with related regulatory authorities to prevent overlap and clarify responsibilities.

The Real Estate General Authority has submitted the "Amending the Executive Regulations of the Real Estate Title Registration Law" project, which focuses on updating registration procedures so that ownership records are accurate, rights are protected, disputes are reduced, and real estate transaction systems operate with higher efficiency and reliability.

The Bankruptcy Commission is consulting on "Amendments to the Bankruptcy Law," aiming to refine existing provisions in line with international best practices, while maintaining the core objectives of the current Bankruptcy Law, with public feedback on the project welcomed until .

Istitlaa supports transparency in Saudi Arabia’s legislative work by publishing draft regulations online and keeping consultation on the three highlighted projects open until , , and , with the overall process recorded at 11:17 Local Time, 08:17 GMT, according to SPA.

By combining efforts across 15 authorities and making use of the Istitlaa platform, the National Competitiveness Center encourages structured public consultation, which helps improve financial control, real estate registration, and bankruptcy systems in Saudi Arabia while aligning regulations with clear accountability and participation standards.

With inputs from SPA