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Saudi Arabia plans to introduce more than half a million new housing units by 2030, following recent legal changes that restructured the real estate sector. Over 15 supportive laws were enacted in the past five years to boost transparency and improve the investment climate. Majid Al-Hogail, the Minister of Municipal and Rural Affairs and Housing, shared this information at the opening of the third edition of the Real Estate Future Forum in Riyadh on Monday.

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