Chairman of the National Real Estate Committee at the Federation of Saudi Chambers Mohammed Al-Murshid stressed that the Kingdom's Vision 2030 has resulted in nearly one trillion dollars of real estate and infrastructure projects that have been announced across Saudi Arabia since 2016, indicating that the value and number of huge projects across Saudi Arabia are set to transform the real estate landscape and standard of living in Saudi Arabia, he said during a television interview with Arabia Channel.

Arabia TV.

Murshid described the real estate sector in the Kingdom as "the second largest sector contributing to GDP, and is linked to the growth of more than 120 economic sectors, and the construction activity during the first half of 2021 achieved an increase of 14% compared to last year, while the real estate activities sector recorded a growth of 60% during the same period."

Al Murshid described the real estate sector in the Kingdom as "the second largest sector contributing to GDP.

He pointed out that the results of some recent economic studies and analyses reflect bright prospects for the future of the sector, as the GDP of the real estate sector at constant prices increased by 0.4% during 2020, to reach 143.2 billion riyals, compared to 142.6 billion riyals in 2019.

And he pointed out that the results of some recent economic studies and analyses reflect bright prospects for the future of the sector.