Health Construction Sector in Saudi Arabia and Beyond: Outlook
Sultan Sobhi Batterjee, CEO of IHCC, talks about the health construction sector in Saudi Arabia and beyond.
Saudi Real Estate Market Continues to be Buoyant
Dr. Bader al Saedan, CEO of Al Saedan Real Estate, states, “This is the current state of the market. The sector continues to be very vibrant and growing.” Al Saedan, being an international company with projects in Saudi Arabia, Tunisia, and the UK, sees the changes in the market quite satisfying. Dr. Bader continues, “Residential area and land prices are steady.”
Strategy of SATCO Saudi Arabia
“With the leadership of our Chairman and his vision, we have diversified our business line between construction, catering, facilities management, operation and maintenance, airport systems, and other lines of business that we already signed significant international partnerships on,” says Dr. Ahmed Sindi, General Manager of SATCO.
Residential Projects in Saudi Arabia
“A company like SATCO that has in excess of 3,000 employees both skilled and lesser skilled stands a great chance of delivering services on a different level… SATCO has actually proven on the ground that we can deliver the performance required by the highest standards,” says Dr. Ahmed Sindi, General Manager of SATCO.
SATCO: Innovation and New Services As A Way Forward
“We expect the Saudi economy to continue its stability; we are banking on that. This means more growth for SATCO. It means that we are also going to be very innovative,” says Dr. Ahmed Sindi, General Manager of SATCO.
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Housing Projects in Saudi Arabia: SATCO’s Project in Taima
“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.
Riyadh Tower, A 50 Stories Tower Designed by Atkins
“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.
Saudi’s Real Estate Challenges: Avoiding Bad Investments of the Past
“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.
Al Ajlan Allied Group: Textile Trading and Real Estate
“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.
Al Saedan Real Estate – Opening of the Saudi Capital Markets
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.