Main priorities for the housing sector in Saudi Arabia
Yasser Abu Ateek, CEO of Dar Al Tamleek talks about the main priorities for the housing sector in Saudi Arabia.
imported 2024-03-17 17:43:07
Yasser Abu Ateek, CEO of Dar Al Tamleek talks about the main priorities for the housing sector in Saudi Arabia.
Total volume of mortgages to GDP in Saudi Arabia is less than 5%, whereas in the developed countries the ratio is 70% to 80%. Yasser Abu Ateek, CEO of Dar Al Tamleek talks about the mortgage industry in Saudi Arabia.
Yasser Abu Ateek, CEO of Dar Al Tamleek talks about the outlook for mortgage industry in Saudi Arabia.
Yasser Abu Ateek, CEO of Dar Al Tamleek explains the structure of Saudi Arabia’s mortgage industry.
The Islamic finance industry has evolved in the direction of complying with the conventional system. Islamic finance industry has to rethink its philosophy. The latest trend in the industry is the emergence of innovations from Islamic institutions that are derived from the principals of the Islamic finance philosophy, not from the motive of providing solutions or mimicking the conventional finance systems.
Manuel Vieira, Chairman of Meridian32, gives an overview of the group, which operates in segments such as real estate and infrastructure, technology and knowledge.
Manuel Vieira, Chairman of Meridian32, talks about the importance of the real estate sector for the group.
“Ayla is very unique; it is basically realising the vision of Aqaba in a way. The vision of Aqaba was to have 50% of its activities in tourism and in other related developments. So Ayla was given land on the border which was undeveloped to turn into a mixed use development and attraction,” says Sahl Dudin, Managing Director of Ayla Oasis Development Company, which is currently undertaking the leading real estate development on the Red Sea.
“We remain optimistic and resilient. I think the word resilient here is very important. Jordan has seen many adversities, not in Jordan but in neighbouring countries,” explains Sahl Dudin, Managing Director of Ayla Oasis Development Company, which is currently undertaking the leading real estate development on the Red Sea.
“Tourism is basically the major sources of income to the Kingdom and the employer of tens of thousands of people. Jordan boasts many touristic sites like Petra, Jerash, Wadi Rum, Dead Sea and Aqaba. We believe that tourism is Jordan’s future in terms of revenue and prosperity,” explains Sahl Dudin, Managing Director of Ayla Oasis Development Company, which is currently undertaking the leading real estate development on the Red Sea.