to download the complete report - GulfBase.com
to download the complete report - GulfBase.com
to download the complete report - GulfBase.com
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Real Estate Sec<strong>to</strong>r<br />
Key Growth Fac<strong>to</strong>rs Of Saudi Real Estate<br />
» Population & Demographic S<strong>to</strong>ry<br />
- Saudi Arabia’s population growth rate, which is <strong>the</strong><br />
fastest amongst <strong>the</strong> Arab countries, opens up <strong>the</strong><br />
Kingdom for vast array of growth opportunities.<br />
Population Age-Group (2007)<br />
64 years and above,<br />
3%<br />
- Kingdom’s population is estimated <strong>to</strong> have grown<br />
by more than threefold during <strong>the</strong> last three decades,<br />
increasing from 7.3mn in 1975 <strong>to</strong> 23.98mn in 2007 (mid<br />
estimate).<br />
Between<br />
30 <strong>to</strong> 64 years,<br />
36%<br />
Under<br />
30 years,<br />
61%<br />
- Having around 60% population between <strong>the</strong> working<br />
age group of 15-64 years indicates a strong demand in<br />
all categories of daily households in years <strong>to</strong> <strong>com</strong>e.<br />
Source: Central Department of Statistics & Information<br />
Global Investment House<br />
41 Saudi Arabia Economic Overview - January 2009
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