Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
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Yasser Abu Ateek serves as CEO of Dar Al Tamleek since 2008. Mr. Abu Ateek was previously Regional Manager, Western Region at Riyad Bank.
Yasser Abu Ateek, CEO of Dar Al Tamleek talks about outlook for the real estate and housing sector in Saudi Arabia.
He says, "It is not the best time at the moment. Actually it may be the most difficult time we have been through. It is a cycle; we will reach the other side. However, right now the cycle seems to be on hold slightly.Housing or real estate in Saudi at this time is facing plenty of challenges, mainly a lack of clear vision. There are a lot of things going on and the direction is not clear. The Ministry of Housing is playing a major role confusing the market and all participants."