Lifestyle Developers Participates at Cityscape Jeddah 2015
Lifestyle Developers, the Saudi-based real estate developer committed to raising standard of living in the MENA region and beyond, marks its participation at Cityscape Jeddah 2015.
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.”
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Zain – A Leading Telecom in Saudi Arabia – Standing out of the Connected Crowd
With a total population of approximately 30 million people, the oil state “is a very dynamic market,” Hassan Kabbani, the CEO of Zain KSA, told Marcopolis in an exclusive interview. “There is a very high level of mobile penetration, reaching more than 180%, and very high level of Smartphone penetration.” Such figures are rare in the emerging markets, but typical for the Gulf Arab oil states with its low population density, but huge distances between the different cities and villages.
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Al Saedan Real Estate – The Real Estate Leader Building on a Kingdom’s Vision
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.
Saudi Real Estate Sector: Sector Analysis
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 Capital Markets: Open for Business, Soon for Foreign Investments
With the market regulator taking steps to give foreign institutions access to the Tadawul market in Riyadh, banks, fund managers and brokers in the region expect a boon and a boom for Saudi shares and new listings to come.
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Saudi Arabia – No Longer a One-Basket Economy
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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Tourism in Saudi Arabia: A Growing Niche
The tourism and service industry could be the providential answer to the pressing unemployment issues in the Kingdom. According to the country’s master economic and industrial development plan through the year 2025, the total Saudi labor force in 2009 consisted of 4,885,960 workers. That figure is projected to grow to 11,850,180 by the end of the planning period.
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Doing Business in Saudi Arabia: Steady Improvement
Over the past decade, Saudi Arabia has emerged as one of the best places to do business in the Middle East. In its ranking “Ease of Doing Business” Index 2011, the World Bank ranked 11th out of 183 countries. Saudi Arabia has made significant progress by moving up to 11th place from the 67th place in the global ranking it occupied in 2005.
Saudi Arabia: The Largest Economy in The Middle East
Saudi Arabia is the 19th world’s largest economy and the biggest economy in the MENA region. The country is the world’s largest exporter of oil, with an estimated 8,865,000 barrels of oil per day production. The petroleum sector accounts for roughly 92.5% of budget revenues, 55% of GDP, and 90% of export earnings.