Saudi Arabia’s Strategic Development Plans for Asir and Makkah
Saudi Arabia intensifies its real estate and infrastructure development to meet increasing demands in Asir and Makkah, focusing on tourism and investment as part of Vision 2030 strategies, according to local mayors at the Real Estate Future Forum.
In Riyadh, Saudi Arabia is intensifying its efforts in real estate and infrastructure development to address growing needs and enhance living standards in significant areas like Asir and Makkah. Top officials assert that these initiatives align with the Vision 2030 framework, aiming to foster tourism, attract investments, and improve the overall quality of life for residents and visitors alike.
During a panel discussion at the Real Estate Future Forum, Abdullah Al-Jali and Musad Al-Daood, the mayors of Asir and Makkah, respectively, presented their municipalities’ strategies to achieve these goals. Mayor Al-Jali pointed out the underutilized real estate potential in Asir, indicating that a mere 10 percent of the market exists outside major cities such as Riyadh and Jeddah, which currently dominate the sector.
Al-Jali further noted that increasing tourism demand in Asir exerts significant pressure on the real estate market, necessitating heightened investments over the coming years. He underscored the municipality’s pivotal role in facilitating infrastructure and real estate development by approving investments, construction plans, and land use.
The mayor extended an invitation to investors, emphasizing that Asir is ripe for exploration in terms of mixed-use and housing developments targeting both local and international clients looking for summer residences. He also addressed broader challenges, including waste management and visual distortion, emphasizing the need for collaborative efforts.
Mayor Al-Daood outlined the unique challenges faced in Makkah, which accommodates millions of religious tourists annually. He stressed the commitment to enhancing the city’s infrastructure to support its religious significance while following directives from the Crown Prince to address visual distortion and maintain the city’s cleanliness.
Al-Daood affirmed the necessity of planning frameworks to handle the influx of pilgrims, particularly during peak seasons. He indicated that continuous planning will ensure the successful management of large crowds and emphasized collaboration with partners and stakeholders.
Acknowledging Makkah’s identity as a religious hub, Al-Daood also highlighted the importance of catering to the needs of the city’s 2 million residents by investing in health care and entertainment infrastructure, indicative of a commitment to improving quality of life for all citizens.
This article addresses Saudi Arabia’s ongoing efforts to develop its real estate sector and infrastructure as part of Vision 2030, which aims to diversify the economy and enhance the quality of life across various regions. The focus is on major areas such as Asir and Makkah, which are experiencing growing demands in tourism and population needs. The insights shared by officials during the Real Estate Future Forum provide a strategic plan to meet these challenges.
In conclusion, Saudi Arabia is strategically directing its resources to enhance real estate and infrastructure in key regions like Asir and Makkah. With a focus on attracting investments and improving the living conditions for residents and tourists, the efforts of the municipalities exemplify a commitment to addressing current challenges and future demands effectively. Both mayors’ engagements signal a proactive approach toward realizing Vision 2030 objectives.
Original Source: www.arabnews.pk
