15 Hrs
Source:
المدينة
Riyadh's 71M sqm land now in use
The Ministry of Municipal and Rural Affairs and Housing announced that the total area of vacant lands in the Riyadh region covered by development and trading amounts to approximately 71 million square meters. Of this, 29 million square meters have been developed, 20 million square meters have entered into trading, and 21 million square meters are currently under development. Revenue from the vacant land fee has contributed to supporting 27 developmental projects in the region, as well as enhancing the efficiency of infrastructure and municipal services. This effort aligns with the initiatives to regulate the real estate market and with Saudi Vision 2030 to achieve more organized and sustainable cities.
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