imported 2024-03-17 17:43:07
The demand for middle income Kuwait real estate will remain high, according to Alargan’s Khaled Al-Mashaan: “We have the highest growth in population in the world and most of the population is under 25 years old (60%) so the influx of young people coming into the market will be huge for jobs and housing. “
Capital standards report that “the real estate sector in Kuwait experienced unparalleled growth during 2000–2007. Post 2007, however, the performance of the sector has remained lackluster.” The contribution of the sector to GDP in Kuwait has been roughly 3.7%.
Kuwait Leading Developers, United Real Estate Company, Director of Corp. Communications, Haidar Zankawi
United Real Estate is Kuwait leading developer, our strategy is to expand locally and in the MENA region. If you consider United Real Estate as the real estate arm for the KIPCO group then you can see that we have a lot of opportunities to be involved in their projects and developments. Internationally, United real estate is a major player in Jordan and the Abdul Ali Mall project. We also have many investments in Egypt, specifically in Cairo and Sharm El Sheikh where we are working development and and building a large resort area.
Interview with Khaled Al Mashaan, Chairman and Managing Director of ALAGRAN International Real Estate Company. ALARGAN Real Estate have been very focused on middle income housing. I would say more than 80% of our investments cater to this segment of the market. As the housing projects get larger we need to provide the infrastructure for these communities and the required supportive facilities. We always strive to provide the best quality for the price and we are very much in touch with our clients. We enhance our units on a monthly basis and this gives us a competitive edge due to our focus.
Interview with Rawaf Bourisli, General Manager of Action Real Estate. On the strategic level Kuwait Dynamics is looking towards becoming an international construction company, not just Kuwait construction company, and in 2010, Kuwait Dynamics wants to move more into the international arena. As Kuwait Dynamics, we would like to expand within the GCC and further out into the Middle East and North Africa but we are still in the planning stages for our construction segment of the company.
By striving to be in the first rank of global business leadership, Bahrain has achieved a long series of “firsts” in order to rapidly move into a major leadership role in world banking, finance, business opportunity, tourism, high-performance sport, education, and culture.
Bahrain Bay – Bahrain’s leading waterfront development, CEO, Bob Vincent
Bahrain Bay has been designed to be specific, in terms of its economic footprint, Bahrain Bay’s commercial scale, Bahrain Bay’s urban design, Bahrain Bay’s physical shape. All of those criteria have been driven by economic sustainability or relationships within the project that make the Bahrain Bay project development sustainable.
Bahrain Ports – General Organisation of Sea Ports in Bahrain (GOP), Director General, Hassan Ali Al Majed
Khalifa Bin Salman Port will be built on 150 hectare and this will double Bahrain Ports capacity from 1.1 to 2.5 million TUs. Bahrain Ports are also planning for stage three where Bahrain Ports have reserved land east of Khalifa Bin Salman Port and it is almost the same size and this will also double the through port of Khalifa Bin Salman Port by almost 5 million containers. This is a plan for the next 20-30 years.
Bahrain Real Estate Bahrain Real Capita Real Estate Company in Bahrain, Deputy CEO of Real Capita, Qais Al Maskati
Bahrain Real Estate market has a lot of standalone and one off developments unlike the West. We still have that culture in Bahrain Real Estate Market and in the Gulf. You buy a plot of land, you build your own house in Bahrain Real Estate Market.
Managing Director of Al Areen Holding Company, Stephen Rothel
The sold plots in Al Areen Development embrace a range of diverse uses. In Al Areen Development there is a very substantial integrated retail shopping center which will be instrumental in serving the retail needs of both Al Areen Development and neighboring communities.
