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English news

26-Mar-2017

Saudi Arabia to start charging White Land fee this week

Implementation of White Land Tax will start in Riyadh next week, and Jeddah and Dammam will follow. The tax will initially apply to undeveloped urban plots of at least 10,000 sqm. Owners must pay a fee of 2.5% of land value or develop land within 12 months (start of grace period unidentified). A total of 645 sqm of white land were registered with the Housing Ministry. 

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