In a report on the outlook for real estate in Saudi Arabia, CBRE noted that multiple initiatives, helmed by the country’s Vision 2030 agenda, are expected to drive economic diversification and economic growth.
These include the Saudi Arabia Green Initiative to reduce emissions, the Shareek program that aims to drive investments of USD 1.3 trillion by 2030 through public-private partnerships, increased activity by the Public Investment Fund, and real estate tax reforms.
Photo credit: Backer Sha on Unsplash
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