Riyadh - Sharikat Mubasher: The real estate sector in Saudi Arabia is a cornerstone of the country’s economic diversification efforts, acting as a key driver of urban development, job creation, and sustainable growth.

This rapidly growing sector presents promising opportunities, contributing 12% to the Kingdom’s gross domestic product (GDP), according to Abdullah Alhammad, CEO of the Real Estate General Authority (REGA).

In his speech at the Real Estate Future Forum 2025 (RFF 2025), Alhammad revealed that the authority issued 1,131 licenses for foreign real estate firms during the third quarter (Q3) of 2024, reflecting global investors' confidence in Saudi Arabia as a premier destination for investment.

He further emphasized the sector’s strong appeal to youth, with 43% of its workforce consisting of individuals aged between 18 and 34.

The RFF 2025, held in Riyadh from 27 to 29 January, gathers global industry leaders, policymakers, and investors. Featuring over 300 speakers from 85 countries, the event focuses on innovation, sustainability, and investment strategies that are reshaping the global property market, with a particular emphasis on the Middle East.