Real Estate in Saudi Arabia: Insights and Opportunities
The Real Estate Saudi Arabia has undergone significant transformation in recent years, driven by economic diversification efforts and a growing population. As the Kingdom seeks to reduce its dependency on oil revenue, the real estate market has become a focal point for investment and development. This article delves into the current landscape of real estate in Saudi Arabia, highlighting key trends, opportunities, and the role of firms like Mayar Gulf Engineering Consultants in shaping the future of this vibrant market. Economic Context Saudi Arabia’s Vision 2030, launched in 2016, aims to diversify the economy and promote sustainable growth. The initiative seeks to develop sectors such as tourism, entertainment, and technology, alongside real estate. With major projects like NEOM and the Red Sea Project, the government is heavily investing in infrastructure and urban development, creating a fertile ground for real estate investments. The country’s economic indicators reflect a posit