<The real estate sector in the Tabuk region has turned green, with strong support from new projects in NEOM, and construction raw materials have witnessed a good trading movement in the recent period, after awarding projects worth more than 15 billion riyals to real estate development companies in the new project.
The construction and development of marinas, resorts and facilities in the “NEOM” project was the main driver of the real estate recovery in the Tabuk region, where the field of rentals witnessed remarkable activity, and the demand in the recent period for apartments and villas increased significantly, in addition to the increasing demand for residential lands for construction and investment, not forgetting that the injection of liquidity of 500 billion dollars, which is the cost of building the “NEOM” project, the dream of the future, will strongly support the construction sector, which is the main driver of the various market sectors.
Tourism is one of the most important economic sectors in “Vision 2030”, and the new tourism projects in Saudi Arabia will contribute to a qualitative shift in the concept of tourism and the hospitality sector, and will strongly support the revival of new economic sectors such as marine, diving and archaeological tourism in light of the Kingdom's attractive beaches, which will provide visitors with the opportunity to identify hidden treasures, and this will push foreign investments to pump billions of riyals into these vital sectors, which is a new market in Saudi Arabia, and a catalyst to race to win the leadership.
Returning to the real estate sector, a large number of countries in the world depend on this sector to develop their incomes and stimulate their GDP, and the great interest of the wise leadership to make the Kingdom the first tourist destination in the Middle East and a model for sustainable tourism of an authentic and attractive nature, present and future, will definitely push the real estate sector to grow because it is closely related to tourism development, as we now see before us the seriousness of our wise leadership in moving forward in developing and building this giant global project in the Tabuk region, and the first winner is the real estate sector.
The construction and development of marinas, resorts and facilities in the “NEOM” project was the main driver of the real estate recovery in the Tabuk region, where the field of rentals witnessed remarkable activity, and the demand in the recent period for apartments and villas increased significantly, in addition to the increasing demand for residential lands for construction and investment, not forgetting that the injection of liquidity of 500 billion dollars, which is the cost of building the “NEOM” project, the dream of the future, will strongly support the construction sector, which is the main driver of the various market sectors.
Tourism is one of the most important economic sectors in “Vision 2030”, and the new tourism projects in Saudi Arabia will contribute to a qualitative shift in the concept of tourism and the hospitality sector, and will strongly support the revival of new economic sectors such as marine, diving and archaeological tourism in light of the Kingdom's attractive beaches, which will provide visitors with the opportunity to identify hidden treasures, and this will push foreign investments to pump billions of riyals into these vital sectors, which is a new market in Saudi Arabia, and a catalyst to race to win the leadership.
Returning to the real estate sector, a large number of countries in the world depend on this sector to develop their incomes and stimulate their GDP, and the great interest of the wise leadership to make the Kingdom the first tourist destination in the Middle East and a model for sustainable tourism of an authentic and attractive nature, present and future, will definitely push the real estate sector to grow because it is closely related to tourism development, as we now see before us the seriousness of our wise leadership in moving forward in developing and building this giant global project in the Tabuk region, and the first winner is the real estate sector.
Real estate sector.
