Is Saudi Arabia the next hot real estate destination?

Recent information shared by the global real estate consultancy Knight Frank on the market in the Kingdom as well as the expanding giga-developments being undertaken across Saudi Arabia. Faisal Durrani, Partner – head of Middle East research for Knight Frank, said: “A bold new vision is unfolding in Saudi Arabia. The phenomenal transformation taking place in the world’s fastest growing economy is clearly visible across the entire urban landscape. With over 555,000 residential units, more than 275,000 hotel keys, in excess of 4.3 million square metres of retail space and over 6.1 million square metres of new office space expected by 2030, the planned construction in the kingdom will easily make Saudi Arabia the largest construction site the world has ever known."