White Land and Vacant Properties Fee Program confirmed that completing the development and construction of the land leads to stopping the application of the fee, which contributes to promoting the optimal use of white land and supports the efficiency of its utilization within the urban ranges.

White Land and Vacant Properties Fee Program

The program explained that white land fees have an incentive character, and aim mainly to activate undeveloped land, achieve balance in the real estate market, and contribute to raising the supply of real estate products to keep pace with the growing demand.

The program explained that white land fees have an incentive character.

He pointed out that the initiative to develop land represents a more efficient economic option, as it contributes to maximizing the use of land and accelerating its employment in economic activity, as well as reducing the statutory obligations associated with the imposition of fees, which reflects positively on owners and the real estate market in general.