Saudi Arabia plans to move real estate transactions onto digital platform

Saudi Arabia plans to move real estate transactions onto digital platform

DUBAI: A planned digital platform will allow properties to be bought and sold in Saudi Arabia, Saudi Minister of Justice, Walid Al-Samaani told Al Saudiya Channel, on Tuesday, Al Arabiya reported. It would give investors peace of mind by guaranteeing the accuracy of information about the properties being transacted. He added that some 10 million real estate ownership documents out of an estimated 100 million had already been digitized as part of the process. Modernizing the real estate sector is a key part of the Kingdom's efforts to diversify its economy. DUBAI: Rising cargo volumes have emerged as one of the few positives for regional carriers as passenger numbers plummet amid the pandemic. Middle Eastern airlines posted a 6 percent rise in international cargo volumes in January 2021 versus 2019, according to the International Air Transport Association (IATA). Cargo to Asia and North America routes, which grew 15. 1 percent and 13. 9 percent respectively - contributed the most to this growth, the IATA data showed. "If air cargo was not doing as well, the industry as a whole would be in even deeper trouble," said IATA chief Alexandre de Juniac during a presentation on Tuesday as the travel body