Tag: Digital Transformation in Construction

The proposed Construction Law draft, submitted by the Ministry of Construction, eliminates 3 out of 8 procedural groups compared to the current Construction Law. These include: the appraisal of construction design implementation following basic design; the issuance of construction operation capability certificates for organizations; and the recognition of socio-professional organizations qualified to grant construction operation capability certificates. Additionally, it abolishes all investment and business conditions for 10 conditional business sectors within the construction field, as outlined in the Investment Law.

According to experts, the sharp rise in land prices over recent times has become the most significant bottleneck, driving up input costs for real estate projects—a key factor behind the persistent surge in housing prices.

To ensure transparency and fairness in land auctions, legal frameworks must be robust enough to deter exploitative practices and market manipulation, while actively encouraging participation from genuinely capable investors, according to legal experts.