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Destination Saudi 2024

Over the last 12 months, the Kingdom’s ambitions have grown, with nearly US$ 250bn in construction contracts awarded towards the nearly US$ 1.3 trillion worth of infrastructure and real estate projects unveiled since 2016. There is a sense of growing momentum as the country races towards its Vision 2030 deadline to complete what will undoubtedly

be the first of many transformative phases as Saudi Arabia emerges as a new global economic powerhouse.

Positivity around the economic metamorphosis has been further amplified with the recent announcement that Riyadh will host the World Expo in 2030 and that the Kingdom is the sole bidder for the 2034 FIFA World Cup.

Meanwhile, the residential real estate market is facing challenges linked to familiar peaks and troughs of global property cycles.

Link: https://www.knightfrank.com.sa

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