ZAWYA: Saudi plans to issue $40bln worth of real estate bonds by 2030: Report
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Saudi Arabia plans to issue real estate sukuk worth up to 150 billion riyals ($40 billion) by 2030, with annual issuances of around 20 billion riyals ($5.3 billion) starting this year, pending geopolitical stability. This initiative aims to alleviate liquidity pressures on the banking sector amid mega projects under Vision 2030. The Saudi Real Estate Refinance Company has already issued $2 billion in sukuk, attracting significant demand. Recent regulations have been introduced to regulate the real estate market, including fees on vacant properties.
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