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FinancialNews
26-02-23
Saudi Arabia sets to see massive boost in real estate sector driven by Vision 2030
(MENAFN) With multibillion-dollar ventures associated with the Vision 2030 plan, Saudi Arabia’s real estate industry is estimated to see a peak surge, real estate specialist informed Arab News.
The estimated expansion in the industry, they assert, is going to be motivated by foreign financers who are taking a high interest in becoming part of the massive socioeconomic transformation presently ongoing in the nation.
Since the start of the Vision 2030 strategy, Saudi Arabia has taken many actions to change its economy and cut its dependence on oil and gas incomes. The nation is propping up all industries of the economy, mainly tourism, entertainment, art, as well as culture with a developed quality of life for residents and citizens as the top priority.
Government-funded ventures such as ROSHN, the top real estate firm in the nation, driven by the Public Investment Fund, are also constituting to reaching the requirements for higher homeownership through the country.
MENAFN26022023000045014228ID1105645860
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