Saudi Arabia intends to issue real estate bonds worth $40bn by 2030 — minister of housing

RIYADH: Saudi Arabia plans to issue real estate bonds in global markets worth up to SR150 ($40 billion) by 2030, Minister of Municipalities and Housing Majid Al-Hogail said in an interview with Asharq News. Speaking on the sidelines of the World Urban Forum in Baku, Azerbaijan, Al-Hogail said the Kingdom is awaiting the stabilization of the geopolitical situation, which has impacted global financing costs, before beginning annual real estate bond issuances this year, targeting SR20 billion.

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