Saudi Arabia’s digital transformation helping to fuel housing market growth

Saudi Arabia’s digital transformation helping to fuel housing market growth

JEDDAH: Housing initiatives that form part of Saudi Vision 2030 have contributed greatly to the development of the Kingdom's property market, but that is not the only factor that has helped to drive the growth, according to officials.Majed Al-Hogail, the minister of housing and acting minister of municipal and rural affairs, said that the country's digital transformation has had a remarkable effect on the lives of Saudi citizens, allowing them to perform tasks and transactions online that previously required visits to ministries and government offices. In terms of housing, electronic platforms have greatly simplified the house-buying process, he said.The transformation of the housing sector has boosted the gross domestic product and strengthened the national economy by raising the level of local participation in the real estate sector, the minister said.