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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Fatehelrahman Yousif

Saudi Non-governmental Real Estate Investment Nearly Exceeds $68b

Federation of Saudi Chambers Chamber of Commerce and Industry Committee Saudi Arabia Economic Growth Entertainment GaStat Riyadh Vice President
GASTAT attributed the rise in real estate prices to an increase in residential real estate by 1.9 percent. (Photo: Reuters)

With the qualitative leap that Saudi Arabia has achieved at the global economic level, the real estate sector is expected to lead one of the engines of the country’s economic growth in the coming period, as private sector investments have exceeded 254 billion riyals ($67.7 billion), according to recent estimations.

Infrastructure

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