Majid Al-Hogail,Minister of Municipalities and Housing
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.
Majid Al-Hogail,Minister of Municipalities and Housing
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.
