You are here

Saudi tax proposal on undeveloped land hits property shares


SAUDI Arabian real estate shares tumbled on Tuesday after the Cabinet approved a proposal to tax undeveloped land in urban areas - a policy that could shake up investment incentives in the kingdom and help to resolve a housing shortage.

Much urban land in the kingdom is

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom