KSA Business: Construction, real estate adds 23.5pc to Saudi non-oil GDP
Saudi Arabia's booming construction and the real estate sectors
Stay updated with breaking news from Al Hogail. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Saudi Arabia's booming construction and the real estate sectors
Saudi Arabia has announced the launch of its prime waterfront development, Jeddah South Obhur, in the port city. Spread over a 205,000-sq-m area, it will boast key amenities including a sea promenade, sandy beaches, a bicycle path and open green areas.
The launch took place during the Saudi Proptech Summit in Riyadh, where the National Real Estate Registration Services Company (Real Estate Registry — RER) actively participates. The summit aims to disseminate knowledge in the Saudi real estate market and boost investments in the Kingdom.
Saudi Arabia has signed 12 co-operation agreements worth more
Saudi Arabia has signed 12 co-operation agreements worth more than SR5 billion ($1.3 billion) with Chinese companies and banks covering strategic sectors such as infrastructure development, housing and financing at a key forum held in Beijing.