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Real Estate Fund deposits over 1B riyals to housing beneficiaries

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23 Hrs2026-08-24T08:54:30.357Z
Real Estate Fund deposits over 1B riyals to housing beneficiaries
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Al-Medina sees 200B riyals for 280 projects

Al-Medina sees 200B riyals for 280 projects

The article concerns the implementation of more than 280 developmental projects in the Medina region, with an estimated value of around 200 billion riyals. Since 2025, the commercial sector has accounted for approximately 80% of these projects. The projects span multiple sectors, including trade, housing, health, education, tourism, and facilities, with total investment areas exceeding 30 million square meters. This reflects urban expansion and economic development in the region. These projects are expected to create over 125,000 direct and indirect job opportunities and support sustainability and economic diversification plans, with a focus on increasing the number of visitors—including pilgrims and Umrah performers—with the goal of reaching 30 million visitors annually by 2030, in line with Saudi Vision 2030.

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