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RIYADH: Real estate transactions are set to surge in Saudi Arabia in 2024 thanks to Vision 2023 investments, according to an S&P Global report.
In a report titled “GCC Real Estate How Credit Stories Have Evolved,” S&P believes the Kingdom’s property sector will also benefit from economic growth of up to 3 percent in the Gulf Cooperation Council region for the current year.
The rise was attributed to sustained oil-related expansion and an increase up to 5 percent in the non-oil economic activity, particularly in Saudi Arabia…