Al-Hogail: SAR 200B poured into housing with private sector partnership

The housing sector attracted more than SAR 200 billion investments in partnership with the private sector, Minister of Municipalities and Housing Majid Al-Hogail stated.

Speaking at the 2025 PIF and Private Sector Forum, Al-Hogail said that investments in the municipal sector exceeded SAR 19 billion, highlighting that the municipal and housing sector now accounts for over 16% of real GDP in 2024.

The minister added that over 16% of foreign investment inflows into Saudi Arabia are directed toward the real estate, construction, and building sectors.

Regulatory and legislative frameworks have been enhanced through city re-planning, with three local plans completed last year. The Ministry aims to finalize over 33 local plans in 2025, adapting to economic and social changes to create more sustainable, investment-attractive cities.