Saudi Arabia Reveals Plans to Tax Undeveloped Land

The video discusses Saudi Arabia's economic reforms, focusing on the white land tax to address housing shortages and ambitious plans to build 1.5 million homes. It highlights the balance between cutting subsidies and implementing new taxes, including those affecting expats, to diversify the economy away from oil. The video also covers the goal to create jobs in the private sector and the openness of Saudi officials in discussing these changes.

What is the primary goal of the land tax introduced in Saudi Arabia?

• To increase government revenue

• To address the housing shortage

• To discourage foreign investment

• To promote agricultural development

What is one of the measures Saudi Arabia is taking to balance its economic reforms?

• Cutting utility and fuel subsidies

• Increasing public sector wages

• Expanding the public sector workforce

• Raising taxes on small businesses

How does Saudi Arabia plan to attract foreign workers while implementing economic reforms?

• By offering tax-free status and good salaries

• By providing free housing

• By guaranteeing job security

• By offering free education for their children

What is a key aspect of Saudi Arabia's strategy to diversify its economy?

• Nationalizing foreign companies

• Creating jobs in the private sector

• Increasing oil production

• Reducing exports

What is notable about the Saudi government's approach to discussing economic reforms?

• They avoid public discussions

• They only release written statements

• They hold secret meetings

• They are open and transparent