Real estate is proving to be One of the pillars of the Kingdom's non-oil revenues

Real estate boosts Saudi Arabia's non-oil revenues in line with Vision 2030 and achieves remarkable growth in GDP.

Posted in

With unprecedented steps, the real estate sector in the Kingdom of Saudi Arabia is marching to be one of the most important pillars of non-oil revenues in the Kingdom, which comes in line with the Kingdom's Vision 2030, which aims to diversify sources of income and not rely on oil resources only, to integrate bodies and ministries in achieving this goal.

Real estate sector performance in the Kingdom of Saudi Arabia.

The performance of the real estate sector in the Kingdom

During televised statements, economic analyst Dr. Salem Baajaja confirmed that the real estate sector comes at the top of the sectors that contributed to increasing the Kingdom's GDP away from oil resources, praising the performance of the sector, stressing that tourism, real estate and mining were among the most prominent sectors that supported non-oil revenues.

According to the data of the Kingdom's real estate sector. According to data Ministry of Finance, on the performance of economic sectors within the Kingdom, non-oil revenues recorded a slight increase of 1% year-on-year, reaching SR119.1 billion, according to the State Budget Performance Report for the third quarter of 2025.

According to the State General Budget Performance Statement for the third quarter of 2025, oil revenues amounted to SAR 150.8 billion, down by 21% compared to the same period last year.

Oil revenues amounted to SAR 150.8 billion, down by 21% compared to the same period last year.