7 ملايين متر مربع من الأراضي البيضاء تدخل التطوير والتداول في تبوك وحائل وجازان 7 Million Square Meters of Vacant Land Enter Development and Trading in Tabuk, Hail, and Jazan
The Ministry of Municipalities and Housing revealed that the total areas of white land that entered the paths of development or circulation in the regions of Tabuk, Hail and Jazan amounted to 7 million square metres, as part of the results of implementing the white land and vacant real estate fees system, and efforts to stimulate land development and raise the efficiency of their use within urban areas.
The Ministry of Municipalities and Housing revealed that the total area of vacant land entering development or trading processes in the regions of Tabuk, Hail, and Jazan reached 7 million square meters. This comes as part of the outcomes of implementing the White Land and Vacant Property Fees Law and efforts to encourage land development and improve land-use efficiency within urban areas.
The Ministry explained that the areas included 5.3 million square meters of white land that entered circulation, and 466 thousand square meters of land that was developed, in addition to 1.3 million square meters of land under development, in results that reflect the impact of fees in stimulating the circulation and development of unused lands.
The ministry explained that these areas included 5.3 million square meters of vacant land that entered the market for trading, 466,000 square meters of developed land, and an additional 1.3 million square meters of land currently under development. These results demonstrate the impact of the fees in encouraging the trading and development of underutilized land.
She indicated that the impact of the fees extended to supporting housing projects in the three regions, as the number of projects that benefited from the revenues from the white land fees reached 21 projects, within the framework of directing the fee revenues to support housing projects and raising the readiness of the infrastructure associated with them.
The ministry also noted that the impact of the fees extended to supporting housing projects across the three regions, with 21 projects benefiting from revenues generated by vacant land fees. These revenues are directed toward supporting residential developments and improving the readiness of their associated infrastructure.
The Ministry stressed the continuation of work to motivate landowners to develop and benefit from it, and to accelerate the entry of unexploited lands into the urban development cycle, in addition to raising the efficiency of land use for city entrances, increasing the real estate and housing supply, and supporting the balance between supply and demand.
The ministry affirmed that efforts will continue to encourage landowners to develop and utilize their properties, accelerate the integration of underutilized land into the urban development cycle, improve land-use efficiency at city entrances, increase real estate and housing supply, and support a balance between supply and demand.
