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Saudi Arabia rules out buying land to build housing units
- Saudi Arabia: Sunday, April 28 - 2013 at 03:43
The Saudi housing minister Shuwaish Al-Dhuwaihi has said that owners of vacant plots inside cities in the kingdom might risk having their lands expropriated if they don't build on them soon, Arab News has reported. "The expropriation of properties for the public interest is done around the world. We might do it in a limited way," Al-Dhuwaihi said, adding that his ministry has no intention to buy land to build housing units. The minister said that 70% of the lands in the cities are vacant, which "threatens the social stability." The ministry is also considering the option of imposing fees on the vacant plots if the owners insist on keeping them undeveloped, said Al-Dhuwaihi. "This is just a means and not a goal in order to provide more lands for housing. We'll make sure that such a step doesn't add burden to the citizens," he said.
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