Aramco Reservations is a vast area of raw land occupying most of the Eastern Province of Saudi Arabia

Saudi Arabia

The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...

 that has been reserved by the Saudi Arabian Oil Company (Saudi Aramco

Saudi Aramco

Saudi Aramco , officially the Saudi Arabian Oil Company, is the national oil company of Saudi Arabia.Saudi Aramco is the world's largest and most valuable privately-held company, with estimates of its value in 2011 to be $7 trillion USD.Saudi Aramco has both the largest proven crude oil reserves,...

).

History

Soon after the discovery of oil and the starting of commercial oil production in Saudi Arabia in the 1930s, the founder of Saudi Arabia King Abdulaziz granted Aramco the right to reserve any unowned land. The reason for that was to provide the company with all the necessary means to establish the modern infrastructure for the oil industry that can be seen now in the Kingdom from pipeline network to oil wells and plants.

Present issues

The demand for land has been increasing especially during the last decade accompanying the economic boom. However as the supply of raw land is constant due to these reservations the result is a shortage in land and skyrocketing land prices especially after reclamation of seawater was banned. The price per land has exceeded 1 Million Saudi Riyals in some areas where constructions is permitted making the Saudi Arabia's Eastern Province one of highests land value areas.

In addition to the shortage, the following are major urban projects that has been frozen:

• Dammam
  Dammam
  Dammam is the capital of the Eastern Province of Saudi Arabia, the most oil-rich region in the world. The judicial and administrative bodies of the province and several government departments are located in the city. Dammam is the largest city in the Eastern Province and third largest in Saudi...
  
  
  • Al Jazeera Investment.
  • Al Nimer Jewels.
  • Global Industries City on Dammam-Riyadh Line
    Dammam-Riyadh Line
    The Dammam–Riyadh Line, also called Line 1, connects the cities of Dammam, Abqaiq, Hofuf and Riyadh and is used by passenger trains...
    
    .
  • Garden City Investment.
  • Ghannam 4 (Airport Jewel)
    Ghannam 4 (Airport Jewel)
    A large urban project located on the west of Dammam city in the Eastern Province of Saudi Arabia, between the city and King Fahd International Airport...
    
    
  • Gold Gate Investment.
  • Nama Investment.
  • Technical City

• Qatif
  Qatif
  Qatif or Al-Qatif is a governorate and urban area located in Eastern Province, Saudi Arabia. It extends from Ras Tanura and Jubail in the north to Dammam in the south, and from the Persian Gulf in the east to King Fahd International Airport in the west...
  
  
  • Al Zahra
  • Danat Al Ramis