The Deputy Minister of Municipal, Rural, and Housing Affairs, Engineer Abdullah bin Muhammad Al-Badeer, highlighted a number of statistics that underscore the vitality and effectiveness of the real estate sector in building the national economy; He explained that real estate activities contribute approximately 9.9 % to the gross domestic product, while the construction sector\u2019s contribution reached 7.9%, and the percentage of local content in housing projects rose to nearly 64%.<\/p>\n\n\n\n
He made these remarks during his participation in the \u201cFuture of Real Estate Forum<\/a>\u201d currently being held in Riyadh, and during a panel discussion titled \u201cThe Real Estate Development Industry and Quality of Life\u201d as part of the event, he emphasized that \u201dthe housing support system\u2014represented by mortgage financing under the Housing Program\u2014has contributed significantly to sustaining demand for housing, with a total of more than 450 billion riyals injected over the past few years, and the value of real estate development projects the Ministry has undertaken with the private sector to provide housing units exceeding 80 billion riyals, noting that the direct economic impact of housing projects has become evident in cities through the growth of many daily and commercial activities in the cities where these housing projects are being built.<\/p>\n\n\n\n The Deputy Minister addressed the three pillars of the Kingdom\u2019s Vision 2030\u2014a vibrant society, an ambitious nation, and a thriving economy\u2014noting that every industry produces goods targeted at specific consumers, including real estate development and construction, He explained that the real estate development sector is characterized by its comprehensiveness and breadth, as it provides integrated residential communities and involves a variety of different activities, unlike the construction sector, which focuses solely on providing residential units.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The Deputy Minister of Municipal, Rural, and Housing Affairs, Engineer Abdullah bin Muhammad Al-Badeer, highlighted a number of statistics that underscore the vitality and effectiveness of the real estate sector in building the national economy; explaining that real estate activities contribute approximately 9.9 % to the gross domestic product, while the construction sector\u2019s contribution reached 7.9%, and the percentage of local content in residential projects rose to nearly 64%. It was reported that \u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":34675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[100],"tags":[],"class_list":["post-34674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631-150x150.jpg",150,150,true],"medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631-300x169.jpg",300,169,true],"medium_large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"1536x1536":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"2048x2048":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"trp-custom-language-flag":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",18,10,false],"event-thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631-300x200.jpg",300,200,true],"event-medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"event-large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false],"event-hero":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/02\/\u0627\u0644\u0628\u062f\u064a\u0631.jpg",600,337,false]},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0633\u0643\u0646\u064a<\/a>","tag_info":"\u0633\u0643\u0646\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/34674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=34674"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/34674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/34675"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=34674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=34674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=34674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}