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Tue, 19.12.2023
Home REAL ESTATE Saudi Arabia’s real estate sector poised for growth in 2024: S&P report

Saudi Arabia’s real estate sector poised for growth in 2024: S&P report

by Press Room


RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report.

In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation Council region for the current year. 

The rise was attributed to sustained oil-related expansion and an increase up to 5 percent in the non-oil…



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