Al-Kobar: Discover the Many Tourism, Residential, Commercial and Entertainment Opportunities
Discover the many tourism, residential, commercial and entertainment opportunities of Al-Khobar, the hub of the Eastern Province in Saudi Arabia.
imported 2024-03-17 17:43:08
Discover the many tourism, residential, commercial and entertainment opportunities of Al-Khobar, the hub of the Eastern Province in Saudi Arabia.
Interviewed by the MarcoPolis team during the MIPIM 2022 real estate event in Cannes, Ateeq R. Mogal discussed retail and lifestyle developments in Saudi Arabia, and talked about some of Ajdan’s completed and upcoming projects in Al-Khobar.
Elias Abousamra discusses real estate development in Saudi Arabia, mentioning latest news and trends related to the sector. He also talks about RAFAL’s business philosophy, upcoming projects and vision. RAFAL Real Estate Development Co. is an interdisciplinary developer known for its innovative projects in Riyadh, including gated communities and high-rise mixed-use developments.
Elias Abousamra, CEO at RAFAL Real Estate Development Co., gives an overview of the real estate sector in Saudi Arabia’s capital city Riyadh, and talks about RAFAL’s unique proposition.
Ajdan recently took part in the MIPIM 2022 exhibition in Cannes, a real estate event dedicated to assembling the most influential players from all sectors of the international real estate scene, including investors, developers, advisers, brokers, and other professionals in the industry. Interviewed during the event, CEO Mohammed Al Otaibi shared his perspectives and discussed real estate investments in Saudi Arabia.
Established in 1990, MIPIM is a real estate event dedicated to assembling the most influential players from all sectors of the international real estate scene, including investors, developers, advisers, brokers, and other professionals in the industry.
Muhannad Ebwini shares his assessment of the payment solutions sector in Saudi Arabia and the Middle East, discussing trends and latest news. He also gives an overview of HyperPay, a complete B2B FinTech end-to-end platform for banks and merchants and one of the leading online payment solutions provider in the region, and talks about the next developments planned for the coming years.
Al-Khobar is one of the three main cities in the Eastern Province of Saudi Arabia. It is located along the western coast of the Arabian Gulf, and is part of the ‘Triplet Cities’ area, along with Dammam and Dhahran, forming the residential core of the region. In time, Al-Khobar has become the industrial, commercial, tourism and recreational hub of the Eastern Province.
Saudi born businessman Mohammed Abdulmohsin Al Otaibi is the CEO of Ajdan Real Estate Development Company, a leading lifestyle and mixed use developer based in Al-Khobar, as well as AlOula, a pioneer of the development sector in the Kingdom of Saudi Arabia.
The GCC will be one of the fastest regions to grow in 2022 at an estimated 5.2%. With many countries in the region focusing on diversification of industries and different social programs, other sectors, such as real estate, are also expected to see recovery and booms in the coming quarters. Saudi Arabia is expected to have the highest demand for housing units among the Gulf Cooperation Council by 2022, with 3.95 million housing units.