Overview
Saudi Arabia's construction pipeline is the largest in the world, spanning giga-projects, 660,000+ new homes targeted under Sakani, and commercial space across Riyadh's expanding districts. New laws now allow broader foreign ownership of real estate in designated zones.
Market drivers
Riyadh population growth toward 10M+
70% home-ownership target under Vision 2030
New foreign ownership regulations (2026)
Government initiatives
Sakani housing program
New Murabba & Diriyah developments
Opportunities
Development management and PMO services
Building materials and modular construction
PropTech and facility management
What to plan for
Contractor classification requirements
Cost inflation in materials and labor