Saudi real estate market to surpass $129bn over next three years

02 February 2010

Real estate grew by 50 per cent from 1999 to 2008

Saudi Arabia will attract about SR484bn ($129bn) by 2013, reports English language daily Arab News.

The total level of investments in the Saudi real estate market is predicted to reach about SR484bn over the next three years, says Fahad al-Sultan, Secretary-General of the Council of Saudi Chambers. He adds that the gross national product of the real estate sector in Saudi Arabia grew by 50 per cent from 1999 to 2008.

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