Event Details
June 15, 2016
Description
Regulations adopted defining undeveloped land.
Participants (1)
| Name | Type | Mentions | |
|---|---|---|---|
| Saudi Government | person | 0 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_016175.jpg
This document is page 65 of a Merrill Lynch financial research report (GEMs Paper #26) dated June 30, 2016, analyzing Saudi Arabia's real estate market reforms, specifically the introduction of a land tax and housing initiatives. It discusses government goals to increase non-oil GDP contribution from real estate, the role of the Ministry of Housing and SAMA, and the financial implications of a 2.5% tax on undeveloped 'white lands.' The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a congressional investigation, likely related to financial records involving major banks.
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