Real Estate
Support the Development of the Real Estate Sector Through the Setup of New Companies and Centers of Excellence
This initiative focuses on developing new and promoting existing companies across all real estate sector, from development, contracting, servicing, to operating companies, to help foster the sector’s development, it promotes best practices and synergies within PIF projects’ portfolio by bringing in industry-leading knowledge and centers of excellence within PIF.
Opportunities
- NIDLP’s objective is to increase the percentage of local content in non-oil sectors
- The Ministry of Tourism’s objective is to improve and develop tourist sites
- NTP’s objective is to develop the tourism and national heritage sectors
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Develop Real Estate Projects in the Saudi Central
This initiative aims to increase the livability and competitiveness of cities around the Saudi capital, by developing new forms of urban living, centers for business, infrastructure projects, and new destinations by taking advantage of the natural, cultural, and historical resources.
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Develop Real Estate Projects in Northern and Eastern of Saudi
This initiative will enhance tourism by expanding hospitality, retail, and entertainment options. It will leverage the Kingdom's rich cultural and natural heritage to create unique tourism experiences. Additionally, new urban destinations will be developed in major cities to provide exciting experiences for both residents and tourists.
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Develop Real Estate Projects in the Southern of Saudi
This initiative aims to increase the livability, competitiveness, and attractiveness of prominent Saudi cities in the Southern sector, including areas around and within the Assir region.
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Develop Real Estate Projects in the Western of Saudi
This initiative aims to make Makkah, Madina, and Jeddah more desirable places to live and visit by creating vibrant urban spaces, providing abundant recreational opportunities, improving connectivity, and showcasing the region's rich cultural and historical heritage.
ECONOMIC POWERHOUSES RISING IN THE SAUDI DESERT
Giga-Projects
Saudi Arabia’s landscape will be transformed by its bold giga-projects destined to reshape Saudi economy and establish new sustainability benchmarks. To date, PIF has launched five giga-projects NEOM, ROSHN, Qiddiya, Red Sea Global, and Diriyah Project. PIF created wholly owned vehicles to channel financing to these projects, while also inviting global investors and multinational enterprises to participate.
PIF’s overarching aim is to unlock the potential of promising sectors to establish Saudi Arabia as a leading tourism and cultural destination. The five giga-projects will establish new industrial and business hubs, enhance areas of outstanding beauty with conservation and ecotourism ventures, develop thriving communities, and promote multiple opportunities for Saudi entrepreneurs.
Portfolio companies in this sector
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Progress
Outcomes through supporting portfolio companies in achieving their business objectives by
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PIF currently oversees a series of investments across the value chain of real estate development. These companies include AlAkaria, Dur Hospitality, and others.
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Launching a series of new companies in the sector, such as the Real Estate Registration Services Company (RERSC).
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Launching and expanding PIF’s centers of excellence, enhancing best practices, and cultivating collaborations across its portfolio.
Direct Strategic Objectives
Real Estate01
Contributing to the Vision 2030 objective of raising home-ownership level to 70%
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Developing world-class urban communities
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Instilling construction and design best practices into the sector
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Enhancing the quality of life for Saudi citizens
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10 December 2024 The PIF Effect: Pioneering investments send ripples of real impact through Saudi Arabia and the worldPIF News Network -
10 December 2024 PIF launches Hotel Management Company (Adeera) to develop distinct new Saudi hospitality brandsPress Releases -
