REAL ESTATE-

Some 2.8 mn sqm of Dar Al Arkan’s land plots in North Riyadh will face updated White Land Tax regulations, it said in a disclosure to Tadawul. Some 181k sqm of its land face the highest priority 10% tax rate, while about 2.65 mn sqm fall under the 5% medium priority rate.

ICYMI- The Housing Ministry published the final executive regulations for the Kingdom’s White Land Tax Law last month, setting out a system that classifies all urban idle land into five categories based on development priorities.

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BUSINESS-

Saudi + Zambia launch joint business council: The Federation of Saudi Chambers and the Zambia Chamber of Commerce and Industry signed an agreement to establish a Saudi-Zambian joint business council, it said on X on Thursday. The council will bring together entrepreneurs from both countries to share information, explore markets, and develop partnerships through meetings, exhibitions, and trade missions.

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