146 million square meters of white land in Sharqia has entered development or circulation
The Ministry of Municipalities and Housing announced that the total areas of white land covered by development and circulating in the region The Eastern Province amounted to about 146 million square metres.
This comes in an indicator that reflects the growing impact of implementing the Revenues from white land fees contributed to supporting 16 development and urban projects in the Eastern Province, which enhances the efficiency of infrastructure and municipal services, and supports the sustainability of urban development in the region’s cities and governorates.
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 products. And residential.
She drew attention to the fact that the white land and vacant real estate fees program continues its role in stimulating development by applying fees to lands located within the geographical areas specified by the system, in addition to providing statutory deadlines for taxpayers who are serious about developing their lands in accordance with specific technical controls, which contributes to accelerating the pace of development and transforming white lands into effective urban projects and products that support economic and urban growth.
She stated 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 more than 35 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 the implementation of projects and raising the efficiency of land development within urban areas.
The Ministry 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 cities. More organized and sustainable.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
