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2016 saw the release of the Saudi Vision 2030 and National Transformation Program (NTP), both major initiatives in response to the 2015 challenges of declining oil prices and resulting need to cut government spending.
The report also highlights 2016 as an active year for white land tax and home financing which both have implications for the real estate market in 2017 as the changes start to come into effect.
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12 January 2017