16% of foreign investment flows are heading to the real estate sector
The minister added during a dialogue session in that a basic partner with the ministry, noting that the agreements of about 65 developers exceeded 200 billion riyals.
Municipal sector
He explained that the value of the municipal sector contracts with the private sector amounted to about 19 billion riyals during the past three years.
Al -Hogail revealed that the real estate financing portfolio grows from 165 billion riyals to more than 850 billion riyals.
He stated that investing in the municipal sector portfolio represents 37% of the revenue in force, with the target of more than 50% during the next two years.
He noted the completion of 3 local plans in 2024, while the ministry seeks to complete about 33 local planners in 2025, to accommodate economic and social changes.
The Minister of Municipalities and Housing said that the municipal and housing sector, according to the economic modeling, represents more than 16% of real local production for the year 2024.
He added that
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