24 Hrs
Source:
المواطن
Riyadh's 71M sqm vacant land developed or sold
The Ministry of Municipal and Rural Affairs and Housing clarified that the area of vacant lands subject to development and traded in the Riyadh region has reached approximately 71 million square meters. This reflects the impact of the White Land Tax and vacant property regulations in fostering urban development and improving land use efficiency within urban areas. The recorded spaces include 29 million square meters of developed land, 20 million square meters of land that has entered the trading phase, and 21 million square meters still under development. This contributes to increasing the urban supply and supporting economic and urban growth in the capital. Additionally, since the beginning of the year, the ministry has issued over 60,000 land fee invoices to enable owners to develop their lands more quickly and to support the objectives of Saudi Arabia’s Vision 2030 for more organized and sustainable city development.
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