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“One of the government’s initiatives that SATCO is participating in is that SATCO has won a significant contract by the Ministry of Housing to build 778 villas in the northern region of Taima. It is a large project worth over 400 million Saudi riyals. SATCO so far has been one of the star contractors in terms of performance and delivery for such projects,” says Dr. Ahmed Sindi, General Manager of SATCO.

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Riyadh Tower, A 50 Stories Tower Designed by Atkins

February 13, 2015

“Riyadh Tower was designed by a well-known English design company called Atkins. The project was scheduled to start in 2012 but we postponed it… we should start this project in 2015 or the beginning of 2016,” says Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate.

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Saudi’s Real Estate Challenges: Avoiding Bad Investments of the Past

February 13, 2015

“The future is bright for the real estate sector, especially in the commercial and residential sector. Some land is overvalued but in general there is a lot of potential in the real estate market, especially when you choose the right project in the right location at the right time,” says Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate.

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Al Ajlan Allied Group: Textile Trading and Real Estate

February 13, 2015

“Al Ajlan Allied Group is divided into two sectors, trading and real estate. Our business is shared equally between trading and real estate,” says Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate.

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Al Saedan Real Estate – Opening of the Saudi Capital Markets

February 10, 2015

Al Saedan Real Estate – Opening of the Saudi Capital Markets
The Capital Market Authority’s report disclosed the total market capitalization of the Saudi bourse at 1,945.15 Billion Riyals for the first half of 2014, up 29.93% from last year’s second half.

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Al Saedan Real Estate – The Real Estate Leader Building on a Kingdom’s Vision

February 10, 2015

According to Citigroup (Middle East), approximately 60 percent of all real estate projects worth 3.5 trillion dollars underway or in the pipeline in the Middle East are located in Saudi Arabia and the United Arab Emirates.

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Saudi Real Estate Sector: Sector Analysis

February 10, 2015

Amid ample demand from an ever young and ambitious population, property in the oil-rich kingdom is booming. But the run for climatised square meters in the desert adds fuels inflation in the biggest Gulf Arab country.

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Saudi Arabia – No Longer a One-Basket Economy

February 10, 2015

The Kingdom of Saudi Arabia and oil are some of the oldest synonyms in contemporary history. But the kingdom has more to offer than black gold, and the government in Riyadh is working tenaciously to diversify the economy. “If you compare it by GDP, oil represents 85 percent in Saudi Arabia,” says Abdulrahim Al-Zamil, Chairman of the multi-industry conglomerate Zamil Group.

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Saudi Government to Build 500,000 Real Estate Units

February 8, 2015

“The Saudi market is currently facing a very short supply of real estate properties, which will fuel the demand over the next few years. The gap we need to fill about 1.2 million units over the next 5 years, which shows you the size of our inventory and the potential for growth within the market,” says Majed Al Hogail, Managing Director of Rafal Real Estate Development Co.

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Saudi’s Real Estate Prices Should Not Grow Further

February 8, 2015

“The question is whether the residential prices are affordable. Currently with the prices as they are, there is a huge difference between property prices and people’s income… Over the last 3 or 4 years, the pricing acceleration was quite aggressive so I do not think we shall see much higher prices,” says Majed Al Hogail, Managing Director of Rafal Real Estate Development Co.