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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