115K New Homes Will Be Built Annually in Saudi Arabia Until 2030: How BuildMate Helps You Seize the Moment?

As part of its Vision 2030 transformation, Saudi Arabia is executing one of the world’s most ambitious housing strategies, aiming to build 115,000 new homes annually through the end of the decade. With homeownership rates now reaching 63.7%, the Kingdom is steadily advancing toward its national target of 70%.

Yet, the scale of what lies ahead remains immense. More than 825,000 additional homes are required to meet demand in the coming years.

Several factors are driving this rapid expansion:

• Approximately 65% of new housing demand stems from marriage-driven household formation.
• Property prices in Riyadh have risen sharply, with apartment prices up 62% and villa prices up 37% over the past three years.
• Government-led initiatives, such as the Sakani program, have already facilitated over 800,000 housing contracts, while international partnerships are significantly boosting construction capacity.

In this fast-evolving landscape, procurement efficiency, speed, and transparency have become essential, not optional.

At BuildMate, we recognized early the critical role of technology in transforming construction procurement. By streamlining how contractors and suppliers connect, collaborate, and transact, our platform supports the infrastructure buildout that is reshaping Saudi Arabia’s future.