Majid Al Hogeir, Minister of Local Government and Housing, confirmed that the Ministry has allocated 12 out of 29 services in major cities, corresponding to 40% of the target of 70%, and stressed the importance of ensuring transparency in investment operations and protecting the rights of all participants in the local government sector. While participating in the Ministerial Meeting on the Activities of the 4th Public Investment Fund and Private Sector Forum, he explained that the size of the local government sector reflects its economic weight, as it oversees more than 7 million workers and approximately 970,000 establishments. The organization works across 2,450 professions and emphasizes that making data available to the private sector is a priority to achieve sustainable value addition.
Regarding housing, Al Hogeir pointed out that the investment opportunities in this sector exceed SR250 billion and include multiple areas such as supervisory engineering contracts, marketing and contracting, reflecting the maturity of the Saudi market and the breadth of partnerships with the private sector, covering different categories of companies from very small to medium-sized enterprises.
He explained that the development of the local government sector is based on five fundamental pillars, including improving the quality of life, improving urban identity and urban landscape, attracting investment, and maintaining cities and their ability to confront risks, in addition to improving the efficiency of implementation. He also pointed out that the housing sector is fully privatized in development, value chain and financing, the General Real Estate Authority has a legislative and regulatory role, and digital tools are being introduced to support the growth of the sector.
He pointed out that the “Foras” platform has more than 180,000 investors and has signed contracts worth more than SR 13 billion, and that more than 190 park contracts will be signed during 2025, with an economic impact of more than SR 1.5 billion. He expects the value of direct investment opportunities in the non-developed municipal sector to exceed SR130 billion by 2030, taking into account the expansion of partnerships and diversification of opportunities in the fields of technology, artificial intelligence, logistics and tourism.
Majid Al Fukair, Minister of Local Government and Housing, confirmed that his ministry has allocated 12 of the 29 services in major cities, corresponding to 40% of the target of 70%. He stressed the importance of ensuring transparency in investment operations and protecting the rights of all participants in the municipal sector. Addressing a ministerial meeting as part of the 4th Public Investment Fund Private Sector Forum, he clarified that the size of the local government sector reflects its economic weight, overseeing more than 7 million workers and around 970,000 establishments operating in 2,450 specialties. He asserted that making data available to the private sector is a priority to achieve sustainable value addition.
Regarding housing, Al Fuqair pointed out that, reflecting the maturation of the Saudi market and the expansion of partnerships with the private sector, investment opportunities in this sector exceed SR250 billion, covering various areas such as supervisory engineering contracts, marketing and contracting, and encompassing all categories of companies from very small to medium-sized enterprises.
He explained that the development of the local government sector is based on five fundamental pillars, including improving the quality of life, improving urban identity and urban landscape, attracting investment, ensuring the sustainability of cities and their ability to face risks, in addition to improving the efficiency of implementation. He also pointed out that the housing sector has been fully privatized in development, value chain and financing, with the Directorate General of Real Estate taking on legislative and regulatory roles, and digital tools have been introduced to support the growth of the sector.
He pointed out that the “Opportunity” platform has more than 180,000 investors, with a contract value of more than SR13 billion, and that during 2025, more than 190 contracts have been signed for parks, with a financial impact of more than SR1.5 billion. He predicts that the value of direct investment opportunities in the non-developed municipal sector will exceed SR130 billion by 2030, amid expanding partnerships and diversifying opportunities in the areas of technology, artificial intelligence, logistics and tourism.
