Saudi Arabia to spend $7m white land tax revenue on Riyadh homes
Ministry of Housing says Idle Land Tax returns to be used for $6.6-million housing project near King Khalid Int’l Airport
Millions of dollars generated by Saudi Arabia’s white-land tax will be used to fund infrastructure for a government-led housing project in the north of Riyadh.
Saudi Arabia’s Ministry of Housing said it would spend $6.6m (SAR25m) to implement infrastructure for a project west of King Khalid International Airport in Riyadh – with the cash coming from revenue generated by its Idle Land Tax System.