The Ministry of Municipalities and Housing revealed that the total area of undeveloped land that has entered development or trading paths in the Qassim region has reached about 15 million square meters, a result that reflects the effect of applying the system of fees for undeveloped land and vacant properties in stimulating urban development, raising the efficiency of land use within urban areas, and increasing the supply of real estate and housing in the region.
The ministry explained that the registered areas included 606,000 square meters of land that had been developed, 6 million square meters of undeveloped land that had entered circulation, in addition to 8 million square meters that were still under development, which supports the transformation of unexploited land into effective urban projects and products.
She explained that the revenues from the white land fees contributed to supporting 5 housing projects and possible infrastructure projects in the Qassim region, which enhances directing the revenues from the fees towards projects that serve urban development, support the preparation of the urban environment, and keep pace with the needs of population and urban growth in the cities and governorates of the region.
The ministry affirmed that these results are an extension of ongoing efforts aimed at regulating the real estate market, stimulating land development within cities, enhancing the balance between supply and demand, in addition to raising the efficiency of land investment and increasing the supply of urban and residential products.
She pointed out that the White Land and Vacant Properties Fees Program continues its role in stimulating development by applying fees to lands located within the geographical areas specified by the system, and that the Real Estate Developers Services Center “Etmam” 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 to complete licenses, approvals and coordination with relevant authorities, which raises the efficiency of project implementation within urban areas.
The ministry affirmed that the integration between the application of fees and enabling owners to access development services enhances the efficiency of land investment, accelerates its development, and supports an increase in the supply of real estate and housing, in line with the objectives of Saudi Vision 2030 aimed at building more organized and sustainable cities.
