Saudi Arabia's Role in Housing Development and Finance

The video discusses the changing demographics in Saudi Arabia, highlighting the younger population's shifting priorities towards travel and lifestyle. It addresses the gap between supply and demand in the housing market and introduces new initiatives like mortgages and risk reduction strategies in collaboration with the Ministry of Housing. The SHS (Saudi Housing Segmentation) is introduced to better align housing development with market needs. Future plans aim to meet housing demands over the next 7-8 years, focusing on reducing costs and risks for developers and customers.

What is the significance of the SHS (Saudi Housing Segmentation) in the housing development process?

In what ways is the private sector expected to contribute to the housing development in Saudi Arabia?