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Saudi expects over $160 billion worth of housing projects in the next 10 years

Posted on January 10, 2022   |  

  • The real estate and construction sector is the 2nd biggest contributor to the kingdom's gross domestic product.
  • In the first half of 2021, construction activity increased by 14 % and developed the real estate sector by 6%.
  • The housing sector of the kingdom is growing rapidly at an average of 375,000 units per year and in the next 10 years, Saudi will fund over 600 billion SR ($160 billion) in housing projects which include 1.2 million houses.