Infrastructure, especially road networks and bridges, plays an important role in reshaping the economy and keeping pace with urbanization, and with the growth of these networks from building roads to building bridges and connecting cities, a clear impact on the real estate market has begun to emerge in terms of demand, prices, and living features.

Infrastructure Development in the Kingdom

The size of the bridge construction market in the Kingdom is estimated at $21.8 billion in 2024 and is expected to reach $30.16 billion in 2030, with a compound population growth rate of 5.4%, and the Ministry of Transport and Logistics revealed the implementation of more than 154 thousand kilometers of road paths and more than 4700 bridges within the maintenance and modernization strategy.

The impact of road and bridge network growth on the real estate market

The development of roads and bridges has improved connectivity between cities and regions, reducing the isolation of some neighborhoods or provinces, and reduced commuting costs and time, making relatively remote areas more attractive for housing or investment.

According to Roads and bridges. According to General Authority for Statistics, the Kingdom's real estate price index increased by 3.6% in the fourth quarter of 2024 compared to the fourth quarter of 2023, and the CBRE Saudi Arabia report revealed that in the 12 months to the second quarter of 2024, Riyadh saw an increase in transaction volume by 51.6% to 18,500 transactions.

According to the Ministry of Transportation, the number of transactions in Riyadh increased by 3.61 TP3T in the fourth quarter of 2024 compared to 2023. According to the Ministry of Transport, about 6,988 km of roads are being built, including 2,527 km of single roads, 577 km of dual carriageways, 345 km of highways, in addition to the rehabilitation of 1,276 km of existing roads, which also includes the construction of 274 bridges.

According to the Ministry of Transport, about 6,988 km of roads are being built.