New Launch - India Real Estate Report 2026.
Minister of Municipalities and Housing Majed Al-Hogail launched and inaugurated municipal and housing projects worth more than SR1.67 billion (approximately $445 million) during a visit to Al-Baha on Thursday. The visit included inspections of ongoing projects, the inauguration of completed developments, the laying of foundation stones for new projects, and the handover of housing units to beneficiaries of developmental housing programs.
Municipal Infrastructure Projects
Municipal projects included completed developments worth SR464 million and new projects valued at SR873.5 million, covering roads, sidewalks, street lighting, flood mitigation, parks, public facilities, and other infrastructure aimed at improving services for residents and visitors. Al-Hogail also launched 16 municipal investment projects expected to generate SR284 million in revenue.
Housing Sector Developments
In the housing sector, Al-Hogail inaugurated completed projects worth SR185.7 million, including the Talal Al-Mafarjah development and developmental housing projects in Baljurashi and Qilwah. He also laid the foundation stone for new off-plan housing projects worth SR150 million aimed at increasing housing supply and supporting homeownership, and handed over 19 housing units to beneficiaries of developmental housing programs.
- Completed municipal projects: SR464 million
- New municipal projects: SR873.5 million
- Completed housing projects: SR185.7 million
- New off-plan housing foundation stone: SR150 million
- 16 municipal investment projects: SR284 million in expected revenue
- 19 housing units handed over to beneficiaries
Also Read: Saudi Issues New Rules for Foreign Property Investors
Recognising Community Contributions
During the visit, the minister honored several major donors who contributed to the Jood Housing Campaign for 1447 AH, an initiative supporting developmental housing efforts in the region. Al-Hogail also chaired a meeting with Al-Baha Municipality officials to review performance indicators and project implementation, met with residents to hear their concerns, and held discussions with investors and business leaders on opportunities across the municipal and housing sectors.
Tourism and Emergency Infrastructure
The minister toured several investment and tourism projects, including the Raghdan Resort "Seera," supported by the Tourism Development Fund in partnership with Seera Group, along with the Rotana Edge Hotel, Al-Baha Plaza, the Makamaya Hospitality Project, and the Qumrah – Honey Garden project developed by Asfar Saudi Tourism Investment Company, a Public Investment Fund company. He also reviewed the readiness of Al-Baha Municipality's Emergency and Crisis Center following completion of its new headquarters, underscoring the importance of strengthening emergency response capabilities across the municipal sector.
Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights, and property market trends.
