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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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Demand for Air Travel in Saudi Arabia Will Grow

February 13, 2015

“Those big infrastructure projects that are catering to a growing economy suggest that demand on air travel and traveling between various parts of Saudi Arabia is going to grow. The government recognized that and has put aside many billions of dollars to improve its international airports and its local airports,” says Dr. Ahmed Sindi, General Manager of SATCO.

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Airports in Saudi Arabia and SATCO’s Investments

February 13, 2015

“SATCO is very active in airport systems. For more than 25 years, we had a contract to operate the luggage carousels in King Khalid Airport,” says Dr. Ahmed Sindi, General Manager of SATCO.

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Outlook for Saudi Arabia is Bright According to Al Ajlan

February 13, 2015

“Saudi Arabia has a bright future. There is a lot of expansion going on. The government is spending a lot of money, especially in the western areas of Mecca, Medina, Jeddah and the King Abdullah Economic City,” says Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate.

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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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Leading Clothing Brand for Men in Saudi Arabia: Richy

February 13, 2015

“Richy is one of the best brands because we do not compete with our products but with our services. We have tried to make Richy a luxury brand. We are not just selling a piece of fabric because anybody can do that,” explains 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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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.