Modern building in Saudi Arabia exceeds 70%: Al-Hogail

Majed Al-Hogail, Minister of Municipal, Rural Affairs, and Housing

Majed Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, said modern construction in Saudi Arabia increased from less than 50% to over 70%, CNBC Arabia reported.

Al-Hogail emphasized that the use of local products currently plays a significant role in modern construction, noting that the success of local products will boost the economy, reduce reliance on imports, and create job opportunities for Saudi men and women.

The minister also highlighted the growing interest of foreign investors in Saudi Arabia, especially from neighboring countries. This is in addition to strong confidence in the regulatory environment, as well as the quality, strength, and competitiveness of local products.