Is Saudi Arabia the world's next great real estate investment opportunity?

In 2024, the forecast for Saudi Arabia’s economy is exceptionally promising, with a projected GDP growth rate of 4%, surpassing the global average of 2.9% (Oxford Economics). One of the fastest growing sectors and asset classes in Saudi Arabia is real estate. But despite growing interest from international investors to invest in real estate in Saudi Arabia, foreign ownership restrictions have so far limited their market entry, highlighting a significant area for potential policy evolution - and a massive opportunity for foreign real estate investors if and when the market fully opens. Faisal Durrani, Partner and Head of Research, Knight Frank Middle East joins The TWENTY30 Podcast hosts Lucien and Hanaa for a discussion on a wide range of topics on Saudi Arabia's booming real estate sector, giga projects, construction, and other developments. Knight Frank is one of the world's leading real estate consultancies, and the reports that it produces especially on the markets in the Middle East is second-to-none. Its latest, "Destination Saudi," is over 140 pages of facts and data released by Knight Frank -- part of which stems from a survey done by the organization on consumer habits and interests in real estate in Saudi Arabia. View and download Knight Frank's 'Destination Saudi' report here: https://www.knightfrank.com.sa/en/res... About The TWENTY30 Podcast New futuristic cities built from scratch. Giga-projects. Major sports investments. Trillions in spending. An economy and society changing so quickly even locals sometimes can’t believe their eyes. Saudi Arabia is on a mission to change itself from a conservative society with an oil-dominated economy to a modern and open society with a diversified economy - and to become a global tourism destination. Such a transformation has never before been attempted, and the stakes for the Middle East - and the world - are high. The TWENTY30 is a new media network and podcast that explores the seemingly endless dimensions of the social and economic transformations in Saudi Arabia, which few living outside the Kingdom can truly grasp. From the creator and co-host of The 966 Podcast comes a new platform that tackles the news, issues, challenges, and opportunities in Saudi Arabia and the Middle East region as it continues forward in a full-throttle effort to remake itself while the world watches. Featuring exclusive interviews, frank conversations, and in-depth topic exploration, The TWENTY30 is the first bi-weekly English program of its kind dedicated to uncovering and highlighting the road ahead for Saudi Arabia and the region and why it matters. Subscribe for free wherever you get your podcasts: Spotify: https://open.spotify.com/show/0uuKNWr... Apple Podcasts: https://podcasts.apple.com/us/podcast... YouTube:    / @thetwenty30   Get episodes and exclusive content delivered to your email inbox free: https://twenty30.beehiiv.com/ You can also email the show’s hosts with their first names (Lucien @TheTWENTY30.com) or (Hanaa @thetwenty30.com) or email Hosts @ TheTwenty30.com.   The TWENTY30 Podcast is a production of The TWENTY30 Media Group, LLC.    ©The TWENTY30. All rights reserved.