Property & Real Estate
Tax
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Dar Al-Arkan says land tax unlikely to hurt business
Dar Al-Arkan Real Estate Development Co., one of Saudi Arabia's largest listed property firms, said a planned tax on undeveloped land was unlikely to be applied to its huge land bank or push the Kingdom's land prices down sharply. The cabinet's announcement of the tax, designed to deter hoarding of…
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Click here to read the full story: Arab News