RIYADH: The number of small and medium enterprises operating across the real estate and construction sector has surpassed 370,000 establishments, representing 23 percent of the total SMEs in Saudi Arabia.
This makes it the largest sector by number of establishments, according to Munther Al-Farraj, general manager of business development at Monsha’at, who spoke to Al-Eqtisadiah.
He explained that the real estate and construction sector recorded rapid growth in the number of establishments, growing 134 percent since 2021, driven by increasing demand and expanding investment opportunities offered by the Saudi market during the current stage of development.
According to the Business Sector Bulletin issued by the Saudi Ministry of Commerce for the second quarter of 2026, the total number of active commercial registrations exceeded 1.9 million.
Al-Farraj noted that the expansion of major development projects in Saudi Arabia is boosting demand for contracting services and real estate activities, creating more opportunities for SMEs to participate in executing these projects.
