imported 2024-03-17 17:43:07
Today, the new challenge is how we will go from a situation where we had 2 or 3 projects every year to a situation where we have to manage a lot more projects. Right now, we have more projects in our portfolio for the 2015-2017 program than what we have managed in the past 12 years.
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.
Despite Western media relentlessly branding Saudi Arabia an archaic, backwards-oriented Islamic monarchy, the kingdom has done bold steps which aim to get its population back to work by diversifying its energy-oriented economy, empowering women to study work and by embracing the digital age like few other Arab countries.
Dr. Ahmed Sindi, General Manager of SATCO
The Saudi Arabian economy has taken significant strides. The government has invested a lot of money in building a huge amount of infrastructure, such as airports, cities, and the like. Our company, SATCO, being a classified contracting company with a first classification, stands to benefit significantly from the extensive opportunities in construction in particular and also in other divisions of our work.
The market for environmental services in Saudi Arabia is big and it is booming. Many companies have invested in Saudi Arabia particularly in the oil and chemical sectors. Therefore, there exists a great need to dispose of the waste products from these industries in order to protect the environment.
Dr Mohammed A. Al-Ajlan, CEO of Ra-yek Real Estate
In real estate, we have many companies, one of which is Ra-yek Real Estate. We have developed many projects including Sky Towers and Nakheel Towers. We are working on another project, which will be the Riyadh Towers, and is due to begin construction in 2015 or early 2016 and should be concluded by 2017.
Majed Al Hogail, Managing Director of Rafal Real Estate Development Co. The government´s plan is based on the Royal decree to develop and provide 500,000 units.
Emad Al-Shamma, CEO of Al Khafrah Group Holding
We are investors and developers. The concepts that we operate in are very simple; we would like to see the proper industrialisation of Saudi Arabia by bringing new technology into the country. We are not using a copy and paste concept; instead, we are being very innovative.
“In 2010, a lot of new construction projects were sold. Foreign investors were waiting for things to normalize again. A lot of those projects will start again. That’s why I say the prospects are good.”
Al Saedan is one of the leading real estate companies in Saudi Arabia. They are known for their high-quality and unique designs. Al Saedan works on numerous projects across Saudi Arabia.
