Content creator and co-founder of companies specializing in the construction, building, and investment sectors, Abdulaziz Al-Mazid, confirmed that the system 180 years old The new comes to unify and facilitate procedures. Real estate ownership, This will contribute to developing the real estate sector and enhancing its role as one of the most important sectors influencing the national economy.
In an interview with Al Arabiya FM, Al-Mazid explained that the system aims to stimulate real estate activity, as it is the second largest influential sector in the country, in addition to supporting urban development projects.
The most prominent cases of expropriation
He explained that expropriation cases are often linked to urban development projects, infrastructure improvements, and the conversion of some major roads into modern roads, as well as the expansion of existing roads to meet the needs of urban expansion.
Benefits of the compensation system
Al-Mazid pointed out that the system takes into account the humanitarian and psychological aspects of citizens affected by expropriation decisions, as it includes:
Add 20% to the evaluation value.
Consider psychological support for those affected by the transition.
Tax exemption for 5 years.
He emphasized that these features aim to mitigate the impact on affected owners and ensure fair compensation, in line with the Kingdom's vision for developing cities and infrastructure.
Content creator and co-founder of construction, building, and investment companies, Abdulaziz Al-Mazid, explains the details of updating the expropriation and seizure system in Saudi Arabia.#Morning_Studio#ArabicFM pic.twitter.com/P8jriqE9GB
— FM Arabia (@AlarabiyaFm) August 28, 2025
