Deputy Minister of Municipal and Rural Affairs and Housing Engineer Abdullah bin Mohammed Al Badir revealed earlier this month that the ministry intends to provide more than 40,000 new housing units in the capital within a year and a half, explaining the work to stimulate the real estate supply in Riyadh and enable families to own their first home to reach the ownership rate to 70%, to achieve the objectives of the housing program - one of the programs of the Kingdom Vision 2030.

The efforts of the official authorities come in balance with the increase in the real estate supply in Riyadh; from ready-made housing and housing under construction as well as residential lands, in conjunction with the application of the second phase of white land fees in Riyadh, in addition to the announcement of the "Residential" program to provide more than 40 thousand housing units, the latest announcement was the announcement of what the program announced last weekend to launch a new residential project that provides more than 450 residential villas.

And the efforts of the official authorities are balanced by the increase in the supply of ready-made housing and housing under construction as well as residential lands.

At the same time, the decision to fence off vacant lands came into effect, as it was observed that large areas of land were fenced off in various places in the capital in order not to be subject to the fine, and some landowners began construction procedures on their lands to avoid the application of white land fees on them, and it was noticeable to increase the supply of residential lands covered by the second phase of white land fees.

At the same time, the decision to fence off vacant lands came into effect.