Saudi Arabia to U.S. Investors: Be Part of the Kingdom’s Urban Revolution

Riyadh, Saudi Arabia – In a bold pitch to American investors, Majed Al-Hoqail, Saudi Arabia’s Minister of Municipal and Rural Affairs and Housing, has laid out an ambitious vision for the Kingdom’s urban future and is inviting U.S. companies to play a leading role.

Speaking at the Saudi-American Investment Forum in Riyadh, Al-Hoqail spotlighted the Kingdom’s unprecedented urban transformation, driven by Saudi Vision 2030, the sweeping national strategy aimed at economic diversification and sustainable development.

“We’re not just seeking capital, we’re seeking partners,” said Al-Hoqail. “Partners who can bring innovation, global expertise, and a long-term vision for building cities of the future.”

$11,000+ Development Projects Across 300 Municipalities

Saudi Arabia is currently undertaking more than 11,000 projects across 300 municipalities, including extensive developments in housing, infrastructure, and quality of life. These initiatives are designed not only to modernize Saudi urban life but to meet the demands of a rapidly growing population.

In a strategic shift, the Kingdom is looking beyond domestic capabilities and reaching out to international investors, especially from the U.S., to help shape the next chapter of Saudi real estate and smart city innovation.

An Open Door to U.S. Expertise

Al-Hoqail’s message was clear: American firms are welcome, even in areas ranging from smart city design and facility management to infrastructure development and land reclamation.

The minister revealed that three major Saudi cities are already undergoing large-scale redevelopment, backed by 80+ local private partners, and there is strong intent to broaden these partnerships to include global players.

Smart Cities, Sustainability, and Growth

At the core of this transformation is a push for smart, sustainable, and efficient urban environments. Al-Hoqail stressed that the goal isn’t just building modern cities, it’s about improving operational efficiency, digital connectivity, and the quality of services for citizens.

“Cities must evolve,” he said. “Not just physically, but in how they function, how they respond to citizens’ needs, and how they remain resilient in a changing world.”

Vision 2030’s Housing Milestone: A Rising Homeownership Rate

A cornerstone of Vision 2030 has been increasing homeownership among Saudi citizens. Al-Hoqail proudly noted that homeownership has surged from 47% to over 60%, with a target of 70% by 2030 a shift made possible by public-private partnerships and citizen empowerment programs.

A Kingdom Ready for the World

As Saudi Arabia positions itself as a new global investment hub, the real estate sector long seen as a domestic pillar is being recast as a magnet for foreign capital and innovation.

With high-impact projects on the horizon, favorable demographics, and visionary leadership, the Saudi real estate market presents a rare opportunity for U.S. investors to gain early access to one of the world’s most dynamic urban transformations.

“This is not just investment, this is legacy building,” Al-Hoqail concluded.