RIYADH — Minister of Municipalities and Housing Majed Al-Hogail stated Riyadh is consolidating its place as a serious actual property hub, with plans underway to ship greater than 300,000 housing models over the subsequent three years.
Talking on the fifth version of the Actual Property Future Discussion board, Al-Hogail highlighted accelerating development within the Kingdom’s housing and actual property sector, pushed by robust demand, increasing infrastructure and regulatory reforms.
He stated Saudi Arabia’s mortgage market reached about SR900 billion in 2025, representing roughly 27% of whole financial institution mortgage portfolios, underscoring the sector’s rising weight within the nationwide economic system.
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Al-Hogail famous that serviced land supported by infrastructure within the capital now exceeds 100 million sq. meters, creating the muse for large-scale residential growth and elevated housing provide.
“At this time, Riyadh stands out as a serious alternative for actual property growth tasks,” he stated.
The minister additionally pointed to the impression of the actual property stability program, saying it has helped strengthen market stability, enhance effectivity and promote equity throughout the sector. These measures, he added, have boosted investor confidence and supported the long-term sustainability of the housing market.
