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 purpose of the land tax being implemented in Saudi Arabia?

How does the housing shortage in Saudi Arabia relate to the government's economic plans?

What are some of the subsidies that have been cut in Saudi Arabia as part of the economic reforms?

How is the Saudi government planning to attract expatriates to support its diversification efforts?

What ambitious target does the Saudi government have for job creation in the private sector by 2020?