Saudi Arabia's real estate-construction jobs

Saudi Arabia's real estate-construction jobs (Apply Now)

The Story of Growth
The building and real estate industries in the Kingdom of Saudi Arabia are expanding at an unheard-of rate.

What the data shows is as follows:

Over the last five years, employment in civil engineering and construction has increased by an astounding 312%.

During the same time period, real estate jobs saw an even more significant change, growing by more than 1,000%.

Over a five-year period, these sectors collectively experienced an average growth

However, why is this taking place?

From 5.9 percent of GDP in 2023 to over 12 percent in 2024, the real estate sector's share of the national economy about doubled. This astounding rise demonstrates the sector's increasing significance in the non-oil economy of the kingdom.

This spike isn't a coincidence.

Saudi Arabia's landscape is changing as a result of significant infrastructure developments, strategic government initiatives, and economic diversification attempts.

Are you curious in what's causing this boom and how you may take advantage of it?

Let's take a closer look.

What Causes the Job Boom? Important Elements Fueling Growth
The construction and real estate industries in Saudi Arabia are expanding rapidly due to the combined efforts of several strong factors.

Vision 2030: The Revolutionary

The main force behind this change is Saudi Arabia's Vision 2030 reform initiative. Unprecedented investment in infrastructure and real estate has been made possible by the kingdom's dedication to economic diversification.

Massive Initiatives Creating Abundant Possibilities

The landscape is changing due to important developments:

Neom

The Red Sea Initiative

Qiddiya

Getting ready for Expo 2030

Preparations for the 2034 FIFA World Cup
These massive developments are generating new tourist attractions and metropolitan centers, necessitating the employment of thousands of highly qualified workers.

Increase in Foreign Investment

The outlook is still positive even though foreign direct investment temporarily decreased in Q1–Q3 of 2024. According to the national investment policy, foreign direct investment (FDI) inflows would reach SAR 388 billion by 2030, representing a 22% compound annual growth rate from the SAR 95.9 billion in 2023.

Explosion of Project Activity

In 2024, the Saudi government released:

192 new licenses for real estate projects

3,800 building permits, up 59% in just the fourth quarter of 2024
Strong domestic demand and rising foreign interest are the reasons for this acceleration.

Increase in Housing Demand

The goal of the 2018 Saudi housing initiative is to expand access to high-quality, reasonably priced housing. To reach a housing supply of 4.96 million homes by 2030, the kingdom will need to build almost 1.2 million new homes during the next ten years.

By 2030, the need for housing is predicted to rise from 99,600 homes in 2021 to 153,000 homes.

Let's now examine how this expansion is showing up in various market sectors.

Comparison of Residential and Commercial Growth
Not every industry is experiencing the same growth.

Every piece narrates a captivating growth tale of its own.

Explosion of the Residential Market

Due to fast urban expansion, favorable demographics, and government-backed housing projects, the residential property market is still growing strongly.

Important indicators of the home market:

Between 2023 and 2024, the number and value of transactions in Riyadh, Jeddah, and Dammam rose by around 50% .

In 2024, there were 102,522 residential purchases totaling SAR 118 billion (USD 32 billion).

With a notable 10.7% yearly growth in residential real estate prices in 2024, Riyadh set the standard.

Trends in Pricing:

In 2024, Riyadh had a 5% increase in apartment sales and a 12% increase in villa sales.

The average cost of a villa in Riyadh is currently close to SAR 6,000, or USD 1,599.75, per square meter.

Commercial Real Estate Boom The average apartment price in Jeddah is about SAR 4,000 (USD $1,066.47) per square meter.

The success of the commercial sector is equally excellent.

By the end of 2024, prominent areas in Riyadh will be almost completely occupied, indicating the growing scarcity of office space in the city.

Metrics of commercial growth:

In the office sector of Riyadh, Prime and Grade A rental rates increased by 17 and 25 percent annually (Q1-2025).

There were also healthy rises in Jeddah and Dammam.

Transactional activity is being hampered by the scarcity of premium office space.
Developers are accelerating commercial construction pipelines as a result of this scarcity.

Will this growth, however, continue?

Will These Patterns Persist? Prospects for the Future
The simplest response is yes.

This explains why the momentum will only get stronger.

Revolutionary Policy Change

In January 2026, Saudi Arabia's real estate market will be open to foreign ownership under a new property legislation. In the face of growing demand, investment, and urbanization, this reform represents a significant turning point by opening access to a high-growth industry.

Expansion geographically:

In specified places, foreign nationals will be able to buy real estate.

first emphasis on important cities like Riyadh and Jeddah
Among the strategic goals are:

Growing home availability and real estate supply

Drawing in international institutional investors and real estate developers

promoting foreign direct investment in order to achieve larger objectives for economic diversification (5) Demand for Long-Term Housing

The foundations for growth are still firmly established:

Population growth necessitates housing solutions

Major cities continue to see rapid urbanization.

Growing salaries give people more money to spend.

increased migration to metropolitan centers, both domestically and internationally.

Civil engineering and construction

Management of projects

Structural engineering

Site oversight

Safety management and quality assurance

Operation of heavy machinery
Development of real estate

Urban design and planning

Finance and investment in real estate

Management of properties

Experts in leasing and sales

Analysis and research on the market
Intelligent and sustainable developments

The market is being shaped by several important trends, such as the growth of smart and sustainable developments and the rising demand for luxury and mixed-use real estate.

regions of specialized growth:

Experts in green building certification

Integration of smart home technology

Energy-efficient building techniques

Sources of sustainable materials

Evaluation of the environmental impact
Properties with mixed uses and luxury

Opportunities arise as a result of the increased focus on premium developments in:

upscale architectural style

Sources of premium materials

Marketing of luxury real estate

Experts in hospitality integration

Architecture of landscapes
Sector of affordable housing

In order to accommodate the kingdom's growing population, there is an increasing focus on affordable housing. Opportunities include:

Cost-efficient building techniques

Project management for social housing

Planning for community development

Finance for affordable housing
Why is this relevant to job seekers?

As these professions expand, they produce more jobs in related industries and services, creating a multiplier effect.

Are you prepared to seize this once-in-a-lifetime chance?