The total value of real estate and infrastructure projects launched since the announcement of Saudi Arabia’s National Transformation Plan in 2016 has reached $1.25 trillion. The value of implemented projects amounted to $250 billion, according to a report by the global real estate consulting company Knight Frank. “Arguably one of, if not the most, expansive real estate development programs ever seen in the world is gathering pace in Saudi Arabia as the 2030 deadline nears to realize Vision 2030,” Faisal Durrani, partner and head of Mena research, said.
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