Saudi Arabia is accelerating real estate and infrastructure efforts to meet growing demands in Asir and Makkah, aiming to enhance quality of life and attract investments as part of Vision 2030. Local officials highlighted the need for investment and the role of municipalities in facilitating development during a recent forum in Riyadh.
Saudi Arabia is ramping up its real estate and infrastructure initiatives to cater to rising demand and enhance quality of life, particularly in the Asir and Makkah regions. This aligns with the Vision 2030 framework which seeks to boost tourism, attract investment, and improve living conditions for both residents and visitors.
During the Real Estate Future Forum in Riyadh, the mayors of Asir and Makkah, Abdullah Al-Jali and Musad Al-Daood, presented their strategies for fulfilling these objectives. Al-Jali pointed out the significant unrealized potential in Asir’s real estate market, noting that 90 percent of market activity is concentrated in major cities like Riyadh and Jeddah.
He stated, “What we are witnessing today is a growing opportunity driven by the increasing demand for tourism in the Asir region. This surge in demand is putting significant pressure on the real estate market, both now and for the future.” Al-Jali emphasized the importance of attracting investments to accommodate this influx.
Al-Jali reiterated that the municipality plays a vital role in supporting infrastructure and property development. He underscored their function in approving investments, construction applications, and regulating land use, while also managing roadway advancements.
In inviting investors, Al-Jali assured them of support through each phase of development. He mentioned ongoing mixed-use projects and housing developments designed for local and international buyers seeking vacation properties in the Asir region.
Besides real estate challenges, Al-Jali raised concerns about waste management and aesthetic issues, advocating for collaborative efforts: “Managing visual distortion is not an easy objective to achieve, and Riyadh is currently ahead of us in that regard.”
Musad Al-Daood, the mayor of Makkah, addressed the city’s unique challenges due to the influx of religious tourists. He declared the municipality’s commitment to enhancing Makkah’s infrastructure to support its religious significance and provide appropriate facilities for millions of visitors annually.
Noting directives from the Crown Prince, Al-Daood remarked on the necessity to improve cleanliness and manage visual distortion in Makkah. He elaborated on the importance of a strategic framework to adequately support the needs of the city’s 1.5 million pilgrims during peak seasons.
Furthermore, Al-Daood highlighted that Makkah is home to 2 million residents, necessitating the development of healthcare and entertainment amenities. He concluded that while Makkah upholds a strong religious identity, it is critical to enhance the overall quality of life for its citizens.
The article focuses on Saudi Arabia’s advancement in real estate and infrastructure development to meet the increasing demand linked to tourism and population growth. It highlights the efforts made by local governments in Asir and Makkah to enhance living conditions and attract investments, as per the nation’s Vision 2030 goals. The discussion occurs amidst rising interest from tourists and the need for efficient services to accommodate both residents and visitors.
In conclusion, Saudi Arabia is actively working to boost its real estate and infrastructure sectors to meet rising demands in the Asir and Makkah regions. Local officials emphasize the importance of investment to fulfill tourism demands and enhance the quality of life for residents. They seek collaborative efforts to tackle challenges related to waste management and urban aesthetics, ensuring a sustainable and welcoming environment for all.
Original Source: www.arabnews.pk
