Saudi Arabia, the largest country in the Middle East, has long been known for its vast deserts, rich cultural heritage, and immense oil reserves. However, in recent years, the... moreSaudi Arabia, the largest country in the Middle East, has long been known for its vast deserts, rich cultural heritage, and immense oil reserves. However, in recent years, the Kingdom has embarked on an ambitious journey to diversify its economy away from oil dependency, positioning real estate saudi as a cornerstone of its Vision 2030 strategy. This transformation aims to create a vibrant, diversified economy with a robust real estate sector catering to both residential and commercial needs.
Vision 2030 and Its Impact on Real Estate
Vision 2030, unveiled by Crown Prince Mohammed bin Salman in 2016, outlines a comprehensive plan to reduce Saudi Arabia’s reliance on oil, develop public service sectors, and expand its economy. Central to this vision is the development of the real estate sector, which is expected to play a significant role in achieving the Kingdom’s economic goals.
The government has initiated several large-scale projects aimed at reshaping the real estate landscape. These include... less
