The Saudi Ministry of Housing’s “White Land” programme has completed the development of 186,000m2 of residential land in Jeddah.
The programme’s latest development provides more than 300 residential plots of land, which is in line with its aim to end monopolistic practices for land and contribute to creating a balanced real estate market.
In addition, the current phase of development also comprises 10,000m2 of undeveloped lands, as well as more than 10,000m2 of the land that was allocated when the programme was launched. Phase 1 of the programme began in 2016.
The ‘White Lands’ programme ensures that the application of fees by the landowner establishes interaction between the owners of raw lands and the Saudi Arabia’s Ministry of Housing to establish housing projects for citizens as there is a lot of raw land.
Subject to fees, the programme is currently being implemented in targeted cities, indicating that part of the revenues collected during the last period were spent on developing the infrastructure in a number of housing projects in various regions of the Kingdom.
Phase 1 of the ‘White Lands’ programme is being implemented in Riyadh, Jeddah, Dammam, and Makkah Al-Mukarramah.
The final approval of the plan as well as the construction is completed within a year from the date of the issuance of the ‘payment order’ in order to stimulate development, increase the supply of developed lands, and reduce monopolistic practices, in a way that benefits citizens first and contributes to increasing the real estate supply.
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