INSEAD Day 4 - 728x90

Uncategorized

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Saudi real estate to contribute 9% to GDP by 2030

The Saudi real estate sector provided 40,000 job opportunities in 2021.
By TRENDS Desk
February 23, 2022 5:49 pm
  • The kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030
  • Real estate witnessed growth in land and property registration by 85 percent in 2021

The Saudi real estate sector will contribute close to nine percent to the national gross domestic product by 2030, according to the kingdom Minister of Housing.

The kingdom’s residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030, according to the Minister of Housing.

Addressing the Real Estate Future Forum on Feb. 23 in Riyadh, Majid Al-Hogail noted that the real estate sector will contribute 8.8 percent to the national gross domestic product by 2030.

According to the minister, real estate witnessed growth in land and property registration by 85 percent in 2021.

He added that the real estate sector provided 40,000 job opportunities in 2021.

[adinserter block="5"]

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

NYU Abu Dhabi team develops wireless pill to control gut neurons

Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

EVs just the start, urban mobility needs a holistic approach

Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.

INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
[adinserter block="4"]