ECONOMICS Economics Name of the University Author

Running head: ECONOMICS
Economics
Name of the Student
Name of the University
Author Note

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Table of Content
CHAPTER 1: INTRODUCTION..............................................................................................3
1.1 Introduction......................................................................................................................3
1.2 Background of the research..............................................................................................3
1.3 The aim of the research....................................................................................................4
1.4 Research Objectives:........................................................................................................5
1.5 Research Questions..........................................................................................................5
1.6 Literature Assessment......................................................................................................5
1.7 Research Methodology.....................................................................................................6
1.8 Data..................................................................................................................................6
1.9 Analysis of available data................................................................................................6
1.10 Ethical Consideration.....................................................................................................7
CHAPTER 2: LITERATURE REVIEW...................................................................................8
2.1 Introduction......................................................................................................................8
2.2 Vision 2030 and privatization to boost Saudi office property sector:............................10
2.3 The Saudi-Arabia real estate market shows promising growth from vision 2030:........13
2.4 The revival of the real estate market in Saudi Arabia:...................................................15
2.5 Challenges of the real estate market...............................................................................16
2.6 Revival of the real estate market........................................................................................17
2.7 Impact of Saudi Vision...................................................................................................18
2.8 Future of the real estate market......................................................................................19
2.9 Research Gap.................................................................................................................21

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Chapter 3- Research Methodology...........................................................................................22
3.1 Introduction....................................................................................................................22
3.2 Research Approach........................................................................................................22
3.3 Research Philosophy......................................................................................................23
3.4 Research Design.............................................................................................................25
3.5 Method of Data Collection.............................................................................................27
3.6 Gantt Chart.....................................................................................................................28
3.7 Ethical Considerations...................................................................................................29
Chapter 4: Findings and Analysis...........................................................................................31
4.1 Introduction....................................................................................................................31
4.2 Thematic Analysis..........................................................................................................31
4.3 Analysis..........................................................................................................................37
References................................................................................................................................44

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List of Figures
Figure 1: Research Approach...................................................................................................24
Figure 2: Research Philosophy.................................................................................................25
Figure 3: Research Design.......................................................................................................27
Figure 4: Data Collection Method............................................................................................28
Figure 5: Vision 2030 of Saudi Arabia....................................................................................39
Figure 6: Real Estate Business in 2030....................................................................................40

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CHAPTER 1: INTRODUCTION
1.1 Introduction
The very sole purpose of undertaking this research is to critically
examine the current economic position of Saudi – Arabia and the new
initiative that is being implemented by them. This research aims to
support the real estate sector of the economy regarding the challenges of
the year 2015, the reduction in the price segment of the oil and
subsequent requirement to reduce government expenditure. As per Saudi
– Arabia economic Vision 2030, the real estate sector started with the
government expenses of about $10.6 billion that were provided to
different contractors and consequently SR20 billion was infused within the
banking sector of the economy.
To introduce innovation within the economy and make the real
estate sector available to different small financiers, and investors, the
capital authority has initiated new regulations and act during the year of
2016 and also allowed the formation of real estate investment traded
finances. Therefore the very purpose of undertaking this research is to
critically examine how the funds infused in this real estate sector can help
developers in Saudi Arabia seeking to generate income generating assets.
1.2 Background of the research.
Saudi vision 2030 resembles towards an arrangement to eliminate
the economicreliance on oil, expand the economy, and build up public
service sectors namely, health sector, educational sector, infrastructure

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division, recreation as well as tourism sector. Objectives comprise of
reinforcement of economic as well as investment actions, enhancement of
non-oil business trade between nations, and augmenting government
expenditure on the armed forces, manufacturing tools, and ammunition.
However, there has been a key influence that relies upon the new era of
austerity along with other macroeconomic threats of destabilized
expenditure control, new tax regulation establishment in the kingdom and
commencement of new real estate outlay traded finances on the real
estate sector in Saudi Arabia has certainly pursued in the wake of macro-
economic influences brought about by dynamic prices of oil.
However, the primary objective of the government is to strengthen
the market. For meeting such vision and future development, the
economy has formulated visionary programme such as the Vision 2030.
The new visionary programmeaims to support the real sector economy of
the economy. The visionary programme will help in dealing with the
challenges of diminishing oil prices and consequential requirement to
decrease government spending as per a report.
1.3 The aim of the research
The sole purpose of carrying on this research is to critically examine
the effects of the latest initiatives that have been undertaken by the Saudi
economy, such as the visionary programme 2030. The primary objective
is to critically analyzeeffects of latestinitiatives of Saudi Vision 2030 on
the real estate sector. To depict out whether the real estate market is

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going to expand in terms of development or shrink within the coming
future and its effects on the economy of the country.
Another purpose of conducting this research is to analyze the
positive and negative steps of the economy that can adversely create
huge impact upon the real estate industry in Saudi Arabia. However, the
initiatives are included within the plan that contributes towards the
structural disadvantages of the nation namely, weak institutional powers,
significant powers in the labour market along with inefficient bureaucracy
and many others. Another aim of undertaking this research is to analyze
positive and negative effects because of undertaking this set of initiatives,
addressing structural disadvantages of the nation and subsequently the
real estate segment in particular.
1.4 Research Objectives:
The set of objectives are as follows: they are:
- To critically examine the present scenario of Saudi – Arabia and
their efforts for overcoming from such issues.
- To critically examine the visionary programme 2030, aim and
objectives towards the real state sector.
- To critically examine how the funds infused in this division, which
can generate earning by producing assets within the real estate
sector of Saudi Arabia

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1.5 Research Questions
- The adverse effects of the novel initiatives of Saudi Arabia vision
2030 on the real estate industry?
- Different approaches in which the finance has been carried out
within the real estate sector of Saudi – Arabia?
- To analyze the vision and perceptions of the local citizens regarding
the visionary mission?
1.6 Literature Assessment
Within the last decade, the economy has seen a considerable
amount of growth in terms of oil prices and that of the augmented level of
production. This is the primary reason for which the overall expansion of
the entire workforce and enhanced government expenditure are
undertaken especially in areas of infrastructure section, real estate sector,
education industry, and healthcare, telecommunications as well as retail
division. However, the lack of stability in the oil price segment during the
second half of the year 2014 formulated new economic settings. It is
Saudi – Arabia vision 2030 programme that aims to bring about a change
within the economy and regain the prosperity of the economy. The
visionary programmeis initiated with the objective that it will help the real
estate sector of the economy to deal with the various challenges like
threats in terms of the oil price.