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Source:
الوطن
Medina's 19M sqm land development
The article explains that the Ministry of Municipalities and Rural Housing in the Kingdom announced that approximately 19 million square meters of vacant land in Medina City have become part of development and real estate trading areas. This includes 12 million square meters of fully developed land, 2 million square meters actively in the real estate market, and 5 million square meters under development. The fees imposed on the land have contributed to supporting and accelerating nine developmental and residential projects, aiming to increase housing supply and stimulate local development. It also highlights that the "Itmam" Real Estate Development Center provides support through a comprehensive digital system offering 35 services to facilitate procedures. The results in Medina come within broader efforts in other regions such as the Eastern Province, Riyadh, and Mecca to enhance the balance between supply and demand and to support the objectives of Saudi Vision 2030.
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