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The Ministry of Municipal and Rural Affairs and Housing revealed that approximately 15 million square meters of vacant land in the Qassim region have entered development or trading phases. This is as a result of implementing the Land White Fees System and the empty properties fee. This includes 606,000 square meters of land that has been fully developed, 6 million square meters currently being traded, and 8 million square meters still under development, all aimed at stimulating urban growth and increasing the availability of real estate and housing. Revenue from the fees has contributed to supporting five housing and infrastructure projects, thereby enhancing efforts to regulate the real estate market, encourage land development, and activate real estate capital, in line with Saudi Vision 2030 to build more organized and sustainable cities.
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