Saudi Arabia Closes Loophole in White Land Fees

Saudi Arabia has taken a significant step in its real estate policy by closing a loophole in the white land fees system. This change mandates that landowners either develop their land or incur financial penalties. The move aims to stimulate development and address the issue of undeveloped land in urban areas. According to Al-Mufarrej, the authority's participation in this initiative highlights a strong interest in the regulations governing non-Saudi property ownership. This interest is evident among both investors and exhibition visitors who are keen on real estate opportunities in the Kingdom. The focus is not only on major cities like Riyadh and Jeddah but also on Makkah and Madinah, which are drawing particular attention due to their religious significance and unique real estate demand.