Construction & Real Estate

Saudi Arabia opens unused land in Riyadh for sale

Saudi Arabia's Royal Commission for Riyadh City has announced the lifting of the embargo placed on large areas of unused land north of King Salman Road.
 
It is now permissible to make use of the vast areas of these lands, including all planning, development, selling, and buying processes, and connecting all the services to them, provided they are in conformity with the Saudi Building Code for Riyadh City, following its launch, reported Saudi Gazette.
 
This decision issued on unused expanses of land in the city comes within a series of measures and studies taking place in different parts of the capital, in preparation for implementing the Strategy for Riyadh City.
 
The strategy aims to develop the capital’s economy and prepare it to accommodate double its population by the year 2030, stated the report, citing the Royal Commission.
 
The Strategy for Riyadh City is expected to contribute to achieving a well-studied growth for Riyadh to make it one of the ten best 10 cities in the world, in terms of economy, competitiveness, and quality of life by 2030, it said.
 
The decision also included many aspects aiming, in toto, to develop the infrastructure, support providing housing and tourism sustainability such that they contribute to raising the city’s attractiveness, organizing the urban environment and providing care for the heritage aspects, and address the encroachments that disfigure the urban landscape, it added.-TradeArabia News Service