Real estate sector contributed 17% of Saudi GDP in 2016

02/04/2017 Argaam

The contribution of Saudi Arabia’s real estate to the gross domestic product (GDP) amounted to SAR 447.4 billion, or 17 percent in 2016, Al Eqtisadiah has reported, citing Haitham Al- Sadhan, economic advisor at the ministry of housing.

 

The realty sector’s share of the non-oil GDP hit 31 percent.

 

The Saudi real estate sector comprises housing, commercial real estate properties, and industrial as well as agricultural buildings.

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