His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing, affirmed that the Kingdom is undergoing an unprecedented urban transformation thanks to Saudi Vision 2030, noting that the ministry is leading more than 11,000 development projects through more than 300 municipalities across the Kingdom, including housing, infrastructure, and quality-of-life improvement projects, in partnership with the United States.

During his participation in the Saudi-U.S. Investment Forum 2025, he explained that reshaping Saudi cities into smart, sustainable, and attractive cities has become an urgent necessity to keep pace with the expected population growth over the next decade, noting that urban development is not limited to physical infrastructure but also includes enhancing operational efficiency and the quality of services provided.

Al-Hogail noted that the homeownership rate rose from (47%) before the launch of Vision 2030 to more than (60%) currently, with the Ministry aiming to reach 70% by 2030. He explained that this transformation would not have been possible without a genuine partnership with the private sector and efforts to enable citizens to acquire their first home.
As part of efforts to strengthen international partnerships.

His Excellency extended an open invitation to American investors to enter the Saudi real estate sector, whether in the areas of development, facilities management, or the construction of smart cities, or the reuse of land within urban areas, emphasizing that the Kingdom is not only seeking financing but also strategic partners who will contribute to designing sustainable solutions for the future of Saudi cities.

He noted that the ministry is currently working on the redevelopment of three major cities within the Kingdom, in collaboration with more than 80 local private-sector partners, while seeking to expand these partnerships to include international investors, including U.S. companies with global expertise.