Projects & Infrastructure

In Saudi Real Estate, Unrivalled Ambition Spurs Huge Opportunities and Significant Challenges

With a pipeline that includes transforming deserted islands into resort towns and near empty coastal beaches into cities the size of Washington DC, and increasing the proportion of homeownership to 70% of occupants, there are few if any examples that seem to rival the scale of ambition – or the interconnectedness and complexity of the challenges – entailed by the Saudi government’s bid to rapidly develop the real estate sector and drive its economic diversification plan – Vision 2030 – forward. But is the government’s real estate plan really achievable, or is the Vision really just a mirage?

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