Month: November 2025

A SAR 5 trillion construction boom Mega projects and localization of the building materials industry

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Reading time: < 1 MinuteThe construction market in Saudi Arabia is very large, with announced projects estimated at $1.3 trillion, equivalent to 5 trillion riyals, said Khalid Al-Hajri, vice president of the construction sector at the National Center for Industrial Development. During his interview on Al-Ikhbariya TV, Al-Hajri emphasized that the size of the ongoing projects is very large, stressing that the construction market ... Read more

Saudi Arabia develops new tourist destinations for the middle classes and targets 30 million pilgrims

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Shipara Island - new tourist destinations

Reading time: < 1 MinuteThe Kingdom is working to develop new tourist destinations and options targeting the middle and upper-middle classes, in addition to continuing to implement luxury projects aimed at wealthy tourists, as part of its efforts to diversify the tourism sector and achieve the goals of the Kingdom's Vision 2030, according to Minister of Tourism Ahmed Al-Khatib. The Kingdom is developing new tourist destinations for the middle classes, Al-Khatib explained, in remarks on the sidelines of the annual tourism conference of the United Nations ... Read more

Cooperation between Water Authority and State Properties to enhance the management of water projects and infrastructure

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Reading time: < 1 MinuteThe Saudi Water Authority (SWA) and the General Authority for State Properties (GASP) have signed a memorandum of cooperation aimed at enhancing institutional integration in the fields of real estate registration and land allocation for water sector infrastructure projects, in addition to exchanging geospatial data and information, in order to achieve the optimal use of national resources and increase the efficiency of implementing government projects. The memorandum stipulates the development of cooperation in the registration of real estate ... Read more

Institutional real estate brokerage completes more than 1 trillion riyals of transactions through July

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Reading time: 2 MinutesAs part of achieving the goals of Saudi Vision 2030, the real estate brokerage sector in the Kingdom of Saudi Arabia is witnessing a qualitative transformation in light of the reforms launched by the General Authority for Real Estate, which aims to improve the quality of services, raise transparency, and enhance confidence in the real estate market. Record growth in the volume of transactions and deals and the number of real estate brokerage contracts registered during the first quarter of 2025 ... Read more

Real estate registration begins for 47,000 pieces of real estate in 3 regions of the Kingdom

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Reading time: < 1 MinuteThe Real Estate Registry has announced the start of the first in-kind registration procedures for 47,257 real estate plots in Riyadh, Qassim and the Eastern Province, and will continue to receive applications and registration until Thursday, February 12, 2026. The Real Estate Registry identified the neighborhoods in which registration is scheduled to start, which are distributed in three main regions of the Kingdom, namely: Riyadh, Qassim and the Northern Region. The real estate registration ... Read more

Saudi Green Building Forum to participate in the United Nations Environment Assembly next month

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Reading time: < 1 MinuteThe Saudi Green Building Forum (SGBF), as a non-governmental organization in consultative status with the United Nations Economic and Social Council (ECOSOC) and an environmental observer, is participating in the seventh session of the United Nations Environment Assembly (UNEA-7) to be held at the United Nations Environment Programme (UNEP) headquarters in Nairobi, Kenya, from 8 to 12 December 2025, under the theme “Accelerating Solutions ... Read more

4 major rental violations that must be corrected within the deadline What are they?

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International Monetary Fund Riyadh office market

Reading time: 2 MinutesThe General Real Estate Authority (GRA) has announced the launch of new draft controls to correct rental violations that violate the provisions of the regulations governing the relationship between landlord and tenant, through the «Reconnaissance» platform. This step comes within the framework of the authority's efforts to regulate the Saudi real estate market, ensure that the parties comply with the laws, and promote justice and stability of the rental relationship. The regulations stipulate that violations must be corrected within ... Read more

The qualifiers continue December 17 is the date of the lottery among the beneficiaries of the “Real Estate Balance Platform”

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Real Estate Equilibrium Platform

Reading time: < 1 MinuteThe Royal Commission for Riyadh City has announced the results of the eligibility results for applications submitted through the Real Estate Balance Platform, in which those who qualify move on to the next stage by entering the lottery for the available lands this year. The applications of citizens who meet the previously announced conditions, including married couples or those over 25 years of age, provided that there is no previous real estate ownership, and not less than ... Read more

Riyadh Emir inaugurates SAR 38.1 billion worth of environmental, water and agricultural projects to promote sustainability

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Reading time: < 1 MinutePrince Faisal bin Bandar bin Abdulaziz inaugurated 181 projects in the fields of environment, water and agriculture, at a total cost of more than 38.1 billion riyals, to serve the cities and governorates of the region. The Minister of Environment, Water and Agriculture explained that the projects include 82 projects in the environmental, agricultural and water sectors at an estimated cost of about 9.8 billion riyals, in addition to ... Read more

Saudi Arabia's stock index closes lower as stocks decline and parallel market trading rises

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Saudi stocks

Reading time: < 1 MinuteThe main Saudi stock index closed today, down 57.99 points, to reach 11244.36 points, while the value of trades amounted to about 2.9 billion riyals. Saudi stocks The amount of shares traded amounted to 158 million shares, where the shares of 51 companies rose in value, while the shares of 200 companies declined. Among the rising stocks, Sadaq, Glass, Walaa, ... Read more

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