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Al-Madinah Plans 19M sq m Land Development
The Ministry of Municipal and Rural Affairs and Housing has revealed that the total area of idle lands subject to development and actively traded in the Madinah region amounts to approximately 19 million square meters. This is part of efforts to implement the White Lands Tax system and policies designed to stimulate urban development. Of these lands, 12 million square meters have been developed, 2 million square meters have entered the market for trading, while 5 million square meters are still under development. Revenue generated from the White Lands Tax has supported nine development and housing projects, enhancing infrastructure and services. These initiatives contribute to meeting the region's growing population and urban needs, increasing the supply of real estate and housing. All of this aligns with the government's broader strategy to balance supply and demand and to encourage land investment, aiming for sustainable and balanced growth in line with Saudi Arabia's Vision 2030.
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