المملكة: Urgent – Riyadh.. 71 million square meters of white land entered development or circulation
Revealed White landsand vacant real estate in stimulating urban development and raising the efficiency of land use within urban areas.
The Ministry explained that the registered areas included 29 million square meters of land that had been completed developed, and 20 million square meters of white lands that entered circulation, in addition to 21 million square meters of land that is still under development, which enhances the benefit from unexploited lands and supports an increase in urban supply in the region.
It indicated that revenues from fees The White Lands contributed to supporting 27 development and urban projects in the Riyadh region, enhancing the efficiency of infrastructure and municipal services, and keeping pace with the urban growth witnessed by the capital.
Regulating the real estate market
The Ministry confirmed that these results come as an extension of the ongoing efforts aimed at achieving the goals of regulating the real estate market and stimulating development within cities, which contributes to enhancing the balance between supply and demand, raising the efficiency of land investment, and increasing the supply of urban and residential products.
She indicated that the white land and vacant real estate fees program continues its role in stimulating development through the application of fees on lands located within the geographic areas specified by the system, as the Ministry has begun issuing more than 60,000 invoices for white land fees in the city of Riyadh since the beginning of the year, after completing the necessary organizational and technical procedures, and in accordance with the provisions of the system and its executive regulations.
She added that the system allows taxpayers to benefit from the statutory deadlines allocated for those serious about developing their lands in accordance with specific technical controls, This contributes to accelerating the pace of development and transforming white lands into effective urban projects and products that support economic and urban growth.
The Ministry pointed out that the Real Estate Developers Services Center "completion" It continues to provide support to owners of white lands through an integrated digital system that includes 38 services covering various stages of development, and provides clear and easy paths for completing licenses, approvals and coordination with relevant authorities, which contributes to accelerating project implementation and raising the efficiency of land development within urban areas.
She stressed that the integration between applying fees and enabling owners to benefit from development services contributes to promoting sustainable urban development, raising the efficiency of land investment, and achieving the goals of Saudi Vision 2030 aimed at building more cities. Organization, sustainability and quality of life.
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