Bright future for commercial real estate as 100,000 GLAs in the pipeline

Khalid A. Al-Sehaibany, General Manager of Hamat Properties talks about commercial real estate in Saudi Arabia and the latest developments.

He says, “Since 2010, the prices of retail space and rents have gone up because of the huge demand and the political situation in some of the Arab countries. There is a lot of potential here and new retailers are coming to Saudi Arabia to invest heavily – from 2013 to 2017. There are over 100,000 GLAs for the new retailers coming here. “