Construction

imported 2024-03-17 17:43:07

Successful revival of SODIC, one of the first listed real estate developers in Egypt

“We are real estate developers and in my opinion, the real estate sector has been one of the most resilient industries, fortunately. SODIC, as a company, has also been more resilient than others. I believe it is a factor of a very deep-willed demand in the market place that is not built on speculation or credit,” notes Ahmed Demerdash Badrawi, Managing Director of SODIC.

The real estate market in Egypt is experiencing intense competition

The Egyptian market is starting to witness intense competition between the investment companies related to huge tenders and contracts for the implementation of a range of real estate projects. This will create a healthy competitive environment that will have a positive impact on the Egyptian economy. It is expected that the prices of Egypt’s property units will increase by up to 15 percent by end of 2014.

A Leading Real Estate Company in Saudi Arabia

Al Saedan Real Estate is involved in land development, residential real estate, and real estate development. Each of these sectors has different competitors. Many factors are involved in making Al Saedan a leading real estate company. Al Saedan prides itself on being well organized and able to transfer all their experience from generation to generation. They know that a name isn’t enough to be successful in this market, like it was 20 years ago. Al Saedan understands that the competition is growing and the market is changing, and therefore, they must change with the times as well.

Al Saedan: Land in Saudi Arabia

Dr. Bader Ibrahim Ibn Saedan, General Manager of Al Saedan Real Estate, discusses land issues in the country. The government in Saudi Arabia, with the authorization from the King, gives land to the people or to the government for public projects. Transferring land is a freehold transfer of ownership. GCC citizens can buy in Saudi Arabia with regulations, except for Mecca and Medina, which can only be sold to Saudi Arabians.

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