The Kingdom of Saudi Arabia is a leader in various fields, striving to achieve the highest levels of development and advancement in all areas, using every available method and modern approach.

Perhaps the most important sectors in which Saudi Arabia has excelled are the real estate sector, a distinguished sector that has witnessed numerous developments and promising steps, making it easier for citizens to obtain quality housing at prices suitable for all segments of society.

What is the importance of the real estate sector to the national economy?

The real estate sector is the primary driver of many other sectors and the fuel that energizes them, whether those sectors are directly or indirectly linked to it, and thus it is the cornerstone of the Kingdom’s economy in particular, as well as the economies of other Arab and foreign countries.

Certainly, every success has its pillars, and every outstanding endeavor has key elements that form its foundation; perhaps the most important pillars in the development of the real estate sector are engineers.

First of all... what do we mean by real estate development?

Real estate development differs from real estate investment. Real estate development is a more comprehensive and significant activity than real estate investment. While investment relies on a specific amount of capital that we channel into real estate construction with the sole aim of generating financial profits, real estate development encompasses much more than that.

Among the projects and achievements of real estate development are:

• Adopting old real estate and residential units and working to rebuild or renovate them in every aspect, so they have higher real estate value and greater residential utility.
• Developing vacant and barren lands, such as deserts and non-agricultural lands, into residential units and real estate projects that serve the Saudi market and Saudi citizens.
• Implementing architectural plans on the ground and transforming them into cities and real estate projects, especially those that have not yet had the opportunity to be realized and have been sidelined by various circumstances over time.

Why do engineers play an active role in real estate development?

We may find many and varied answers to this question; in fact, we find that the question answers itself…

Can real estate even exist without engineers?

Can we advance in construction without implementing their plans?

How, then, can we develop this vital sector without their supervision and expertise?

The engineer is the cornerstone of any real estate project; they oversee every stage of construction, and it is their meticulous work that enables us to achieve the desired goals of the real estate sector.

*Project Management and Business Development Expert

@DrAlkharmany