The CEO of “Platforms” Real Estate Company confirmed that white land fees were introduced to stimulate development and increase real estate supply, not to collect funds.

He added that many white land owners lack experience and need specialized developers to convert lands into investment projects.

He continued: Large lands require the entry of real estate funds, financiers, and developers.

The director of “Platforms” noted that new programs for developing white lands are necessary for the real estate market, especially with the implementation of the second phase of fees.

On another note, “View United Real Estate Development Company” recently launched the “Prosperous Riyadh” program to partner with white land owners in Riyadh city to participate in development projects that transform unused white lands into residential and commercial destinations.

The company stated in an announcement that the “Prosperous Riyadh” program is an investment initiative aimed at converting white land fee obligations into real investment opportunities, establishing flexible partnerships with white land owners that combine investment, transparency, and effective governance, and maximizing the value of unused real estate assets through innovative development solutions that add economic and social dimensions to Riyadh city.

The Saudi Ministry of Municipal and Rural Affairs and Housing recently announced the determination of geographical ranges for applying white land fees in Riyadh city, dividing the geographical ranges of white lands in the capital into 5 segments, with varying fees imposed on each segment.

Platforms Real Estate Company

“Platforms Real Estate Company” is not a historical place or cultural site, but a modern business entity. As a real estate company, its history would involve its founding, growth, and role in property markets, rather than the cultural or historical significance of a landmark. Therefore, it does not have a history in the traditional sense associated with cultural heritage sites.

View United Real Estate Development Company

“View United Real Estate Development Company” is not a historical or cultural site, but a modern real estate development firm. These companies are typically involved in constructing residential, commercial, or mixed-use properties. As a business entity, its “history” would consist of its founding date, project portfolio, and its role in shaping contemporary urban landscapes rather than possessing a cultural heritage.

Prosperous Riyadh program

The “Prosperous Riyadh” program is a major development initiative launched in 2019 as part of Saudi Arabia’s Vision 2030. Its primary goal is to transform the city of Riyadh into a more sustainable, vibrant, and economically diverse global metropolis. The program focuses on ambitious projects to enhance quality of life, boost the economy, and increase the city’s green spaces and cultural offerings.

Riyadh city

Riyadh is the capital and largest city of Saudi Arabia, serving as the nation’s political and administrative center. Historically a walled oasis town, it was the historic seat of the Al Saud dynasty and became the capital in 1932 after the unification of the country. The city has since undergone a dramatic transformation from a traditional desert settlement into a modern metropolis and global financial hub.

Saudi Ministry of Municipal and Rural Affairs and Housing

The Ministry of Municipal and Rural Affairs and Housing (MOMRAH) is a key government body in Saudi Arabia responsible for urban planning, municipal services, and housing programs. It was established to oversee the development of cities and rural areas, and its role was expanded to include the national housing strategy to increase homeownership among citizens. The ministry plays a central role in achieving the goals of Saudi Vision 2030, particularly in creating sustainable communities and improving quality of life.

white land fees

I am unable to provide a summary for “white land fees” as it does not appear to refer to a recognized place, cultural site, or historical event. The term may be a mistranslation or a reference to a specific, localized concept that is not widely documented. If you have more context or an alternative name, I would be happy to try again.

white lands

I am unable to provide a summary for “White Lands” as it is not a widely recognized, specific place or cultural site. The term could refer to a local geographic feature, a colloquial name for an area, or a translation of a place like “Terra Blanca.” Without more specific context, I cannot confirm its history or significance.