‎Saudi Arabia’s infrastructure projects likely to boost demand for prime real estate: Deloitte

‎Saudi Arabia’s infrastructure projects likely to boost demand for prime real estate: Deloitte

The infrastructure projects in Saudi Arabia are expected to increase demand for prime real estate, particularly Grade A offices and logistics facilities, Deloitte said in its report, Middle East Real Estate Predictions 2023: KSA Market Review.

The post-COVID recovery of the real estate sector is led by increasing tourist demand and government spending on infrastructure projects such as the investment in King Salman International Airport, among others.

Meanwhile, shifting customer preferences in the hospitality, residential and retail segments are driving developers to reimagine the hotel, home and leisure components within their master plans.