RIYADH: Saudi Arabia’s Madinah region is advancing more than 224 development projects valued at over SR200 billion ($53 billion), underscoring the Kingdom’s accelerating investment drive, according to a new report.
Data released by the Al-Madinah Al-Munawara Chamber showed that the region’s real estate market recorded transactions exceeding SR2.7 billion in the first quarter of 2025, reflecting an annual growth of about 8 percent.
Madinah has emerged as one of Saudi Arabia’s fastest-growing regional economies, driven by major investments in construction, trade, and tourism. In 2025, the region recorded strong first-quarter growth, with construction accounting for 24 percent of the workforce and trade for 20 percent, reflecting ongoing diversification efforts.
“These investments are diversified across various economic sectors such as trade, tourism, construction, transportation, health, education, and others,” the report said.
It added: “The projects are expected to contribute to providing more than 125,000 direct job opportunities, a major development the region is witnessing.”
