The King Salman Urban Charter, a comprehensive initiative to develop infrastructure and urban development in Saudi Arabia, was announced in 2014, and many projects related to it have been implemented since then.

Engineer and consultant Meshal Khalid Bouabid says that the King Salman Urban Charter is a comprehensive initiative to develop infrastructure and urban development in Saudi Arabia. Regarding the impact of the King Salman Urban Charter on the Kingdom's real estate sector, Bouabid stressed that the Charter has radically transformed the sector in Saudi Arabia.

Among the greatest impact of the Charter on the real estate sector, the following can be mentioned:

First: Improving infrastructure, as the Saudi government has invested heavily in improving infrastructure, such as streets, bridges, airports, ports, railways, water and sewage, which is an important factor in attracting real estate investors who are looking for good infrastructure to develop their projects.

First.

Second: Increased real estate investments, thanks to the charter, the Saudi government was encouraged to invest in the real estate sector, and this step led to increased demand for real estate and improved real estate prices in the market.

Third.

Third: Providing a favorable climate for investors: The competent authorities have issued many laws and regulations that facilitate the work of investors in the real estate sector, such as simplifying administrative procedures and reducing fees and taxes.

Fourth. <Fourth: Improving real estate quality: The Saudi government is working to improve the quality of real estate and develop it in line with the changing needs of society, including the development of social housing projects.

At the end of his speech, he emphasized.

At the end of his talk, Engineer Bouabid emphasized that, in general, the King Salman Urban Charter has contributed to the development of the real estate sector in Saudi Arabia, increasing investments in this sector, improving the quality of real estate, and providing the appropriate climate for investors.

King Salman Urban Charter