During his participation in a ministerial session titled “When Government Works to Support Business” at the fourth edition of the Public Investment Fund and Private Sector Forum, the importance of the vital role of the municipalities and housing sector in enhancing the quality of life and attracting investments in the Kingdom.

Minister Al Haqeel explained that the municipal sector intersects heavily with the private sector due to its regulations and work specifications, pointing out that the ministry relied on five main pillars during the past years, including: Quality of life in cities and neighborhoods, urban identity and urban landscape, attracting investment, sustainability of cities and their ability to face risks, and efficiency in implementing goals.

Transparency of investment processes
He pointed out that the ministry has allocated 12 out of 29 services in major cities, or 40% of the 70% target, stressing the importance of ensuring transparency of investment processes and the rights of all participants in the municipal sector. He pointed to the large size of the municipal sector, which oversees more than 7 million workers and more than 970,000 establishments, working in 2,450 professions, and considered the availability of data management to the private sector a priority to ensure added value for future work.

Privatization of the housing sector

and The housing sector has been fully privatized in development, value chain and financing, pointing to the participation of the General Authority for Real Estate in legislation and regulations, and the inclusion of digital elements that support the flexibility of the sector and its growth in accordance with the Kingdom's vision 2030, adding that the “Opportunities” platform includes more than 180 thousand investors, with contracts worth more than 13 billion riyals, including very small and medium-sized companies, and the ministry has begun to move from traditional contracts to large executive contracts with strategic partners to ensure quality services and efficiency of resources.<He pointed to the signing of more than 190 contracts for parks during 2025 with a financial impact of more than 1.5 billion riyals to raise the quality of life and investment attractiveness, noting that the concept of partnership in the municipal sector has become diverse and comprehensive, with the value of direct investment opportunities in the non-development municipal sector expected to reach more than 130 billion riyals until 2030.

Diversity of investment opportunities
In the housing sector, His Excellency said: “Investment opportunities exceed SAR 250 billion, including contracts with supervisory engineering offices, marketing and contracting sectors, noting the diversity of opportunities to include all categories from very small to medium companies, covering a wide range of services, reflecting the size of the great interaction with the private sector and the maturity of the Saudi market.”

He touched on the diverse opportunities that include all categories from very small to medium companies, covering a wide range of services, reflecting the size of the great interaction with the private sector and the maturity of the Saudi market, reviewing promising opportunities in the fields of artificial intelligence, technology, data, and industry