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Riyadh : Residential Report - H2 2014

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Riyadh : Residential Report - H2 2014

Saudi Arabia has witnessed rapid population growth over the past decade, outpacing the region’s average. According to the Saudi Arabian Monetary Agency (SAMA), the population of Saudi Arabia reached 30 million in 2013 – up 2.7% on the preceding year and 36% higher compared to 2003. Moreover, estimates suggest that, in 2013, Saudi Arabia’s population was around 52% larger than the rest of the GCC combined, and – in contrast to its neighbours such as the UAE, Qatar and Kuwait – the kingdom’s expatriates were in the minority. Indeed, non-nationals account for less than a third of the total population.

Source : Knight Frank

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Keywords : Knight Frank