Real Estate: Saudi Arabia has launched a new “Real Estate Stimulus” program to boost sector sustainability and attract investment. Furthermore, the initiative aims to accelerate development across the Kingdom while improving efficiency and transparency.
Minister Majid Al-Hogail unveiled the program, explaining that it uses digital tools to integrate landowners, developers, investors, and financiers on a single platform. The system provides site analysis, feasibility assessments, and investment facilitation, which helps convert land into high-quality development opportunities.
Additionally, Al-Hogail sponsored the first incentivized agreement under the program for a 130,000 sq. meter plot in Riyadh’s Al-Ared district. As a result, the project will deliver roughly 1,200 residential units within a mixed-use scheme featuring housing, commercial, administrative, and hospitality components.
The National Housing Co. highlighted that the program enhances transparency, shortens development cycles, and strengthens Saudi Arabia’s position as an attractive destination for domestic and international investors. Moreover, it supports an integrated investment environment that enables stakeholders to secure sustainable returns.
In parallel, the Ministry signed a cooperation agreement with NetZero during Cityscape 2025 to promote environmental sustainability. The partnership will expand vegetation cover, reduce carbon emissions, and align with Saudi Vision 2030 and the Saudi Green Initiative.
Through this collaboration, NetZero and municipalities will implement smart afforestation projects, provide technical advisory services, conduct environmental studies, and digitally document natural assets. In addition, they will organize competitions, awards, workshops, and public awareness campaigns to encourage sustainable practices.
Meanwhile, the Makkah Province Development Authority signed a memorandum of understanding with NHC to enhance logistics development. Together, they will develop integrated logistics zones, modern warehouses, and support services to improve connectivity and supply chain efficiency.
At the same time, NHC partnered with Saleh Abdullah Almuhana Co. to build 1,290 residential units in Al-Woroud, Al-Ahsa governorate. Valued at over SR651 million ($173.5 million), the project will expand housing options and enhance urban infrastructure.
Experts said the Real Estate Stimulus represents a major step toward sustainable sector growth. Furthermore, integrating technology, environmental initiatives, and private-sector partnerships will attract investment, improve living standards, and support broader economic goals.
Overall, the initiative positions Saudi Arabia’s real estate sector for long-term growth, offering opportunities for investors, developers, and residents alike.
