Medina's 19M sqm land now developing
The Ministry of Municipalities and Housing revealed that the area of white lands subject to development and trading in the Madinah region totals approximately 19 million square meters. This is part of efforts to implement the White Land Tax system and stimulate urban development. Out of this, 12 million square meters have been developed, with 2 million square meters entered into the trading market, while 5 million square meters are still under development. Revenue generated from the fees has supported nine developmental and residential projects, enhancing infrastructure efficiency and increasing the supply of real estate and housing. The aim is to achieve a balance between supply and demand in line with Saudi Arabia’s Vision 2030.
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