Provides more than 1200 plots in Riyadh.
Development of land subject to land fees in Riyadh, an area of 711 thousand square meters.
The "Idle lands" program of the Ministry of Housing revealed the development of raw land by its owner - which was subject to fees - an area of 711,878 square meters in the Riyadh city, and is expected to provide after the development of more than 1200 lands, stressing that this land has been fully planned by the Ministry of Municipal and Rural Affairs.
The program indicated in a press release today that it continues to impose fees on the targeted lands until they are fully liberalized, in order to achieve one of the program objectives to counteracting monopolistic practices of land within the urban agglomeration, stressing that there are no exceptions to the application of fees on land within the target band in all cities where fees are imposed.
The program pointed out that the fees do not apply when land development is completed with the adoption of the plan for final approval or construction within one year from the issued date of the "order of payment" to stimulate the development of land and increase the supply of developed land and counteracting monopolistic practices, , Indicating that the application of fees achieves its objectives through the owners work on developing raw land or partnership with the Ministry of Housing to create projects that provide housing units for citizens.
He pointed out that the executive regulations for land fees stipulate that part of the revenues are spent on the development of infrastructure in the housing projects of the Ministry of Housing, which is already achieved through the allocation of part of these funds for the development and delivery of public services from water and electricity to a number of projects in different regions of the Kingdom .
The "Idle Lands" program is one of the Ministry of Housing programs announced in 2016 and is implemented in its first phase in Riyadh, Jeddah and the capital of Dammam and Makkah. Total payment orders in the four cities exceeded more than 1200 payment orders for a total area exceeding 411 million meters. This comes within the context of the program's objective to end the monopolistic practices of the land and to contribute to the development of a balanced real estate market. The current phase is concerned with the raw land with an area of 10,000 square meters and more, which falls within the scope declared at the launch of the program.