Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Kingdom's real estate market enjoying enormous prosperity  Join our daily free Newsletter

MENAFN - Arab News - 11/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Cityscape exhibition in Riyadh is considered a good opportunity for citizens and residents to acquaint themselves with the volume of real estate projects that are being implemented in the Kingdom as well as in the region, said Riyadh Mayor Abdullah bin Abdulrahman Al-Muqbel.
He opened the fourth annual Riyadh urban development and real estate investment event in Riyadh, on behalf of Riyadh Gov. Prince Khalid bin Bandar
In the wake of the renaissance in various urban activities, he said such exhibitions are an opportunity for individuals, private and public sector firms to identify activities to help the concerned parties plan and work out current and future investment programs.
Highlighting the significant participation of the Higher Commission for Development of Riyadh (HCDR) at the event, Al-Muqbel said the HCDR is exhibiting the public transport project due to the fact that there is a close relationship between urban development and the public transport project s and their contribution to the overall development in the city in all areas.
Husain Al-Harthi, chairman of the National Exhibition Company, said the real estate market in the Kingdom is enjoying enormous prosperity not only in terms of the number of developers but also in the solid presence of major financial institutions.
The government efforts come consistently with the growing real estate boom witnessed by the market aimed to support its growth and reflect its vision for the future of the capital through a number of major projects, especially in the infrastructure sector and public services such as public transport, hospitals and schools, he said.
He said the exhibition is considered a mirror to reflect the care given to the real estate market by specialized real estate firms and local and regional investors.
Flash Real Estate Company is actively participating in the event as representative of real estate brokers in the UAE.
The company is keen to availing itself of investment opportunities in the Saudi market and also to attract Saudi investors to the UAE promising markets, said a top executive.
In this context, Muhannad bin Hazail, representative of Flash Co, said they were targeting Saudi investors and foreigners residing in the Kingdom by providing them a wide range of real estate products, housing or commercial, notably two key projects: the Polo Residence Project which has 29 buildings composing some 600 apartments and occupying 2.5 million square meters, and, secondly, EK Residence Project having 29 buildings and contains a variety of entertainment, social and public service projects.

Mohamed Al-Jasir, deputy CEO of Maceen Capital, said real estate investment sector in the Kingdom is one of the biggest and flourishing industries in the Kingdom.
He expected that the real estate market in the Kingdom would witness a major restructuring process due to issuance of new legislation which will create new property products and services.
Some 50 local and international companies in the field of real estate planning and development, architecture and banking are taking part in this year's event to showcase their products and services and network with international investors and decision makers from the private and public sector.
The Cityscape Riyadh Real Estate summit featured the opening remarks by Tarek Ramadan, chairman, Tharaa Holding, who discussed the driving forces for the evolving Riyadh and greater region, reviewing factors promising to change the face of Riyadh and the surrounding area.
Among the topics that will be taken up for discussion include: new real estate opportunities created by the Kingdom's infrastructure initiatives; new urbanism in Saudi Arabia; ways to improve construction contracting on real estate projects; risk management for large scale developments in Saudi Arabia; ways to combat recent labor shortages; and Investment returns for real estate in Saudi Arabia.
The second day of the summit will feature two sessions; Funding the Visions, which will discuss topics titled Going Abroad for Cash and Risk Management Techniques; and The Lure of Something New which will discuss the creation of a financial empire, namely Saudi Arabia's own Wall Street, and how to accomplish the vision of a technologically and academically advanced center of finance.


 


Arab News




  MENA News Headlines
 Aug 28 2016 - TeleTXT Storms the App Market with their TeleTXT MessengerMENAFN Press
(MENAFN Press) TeleTXT Messenger is a cross-platform mobile messaging app which allows you to send messages to TV and Radio channels without having to pay for SMS, beside this so many available ...

 Aug 28 2016 - SOUTH SUDAN: Nearly 50,000 internally displaced People cut off from Humanitarian Assistance due to Increased ViolenceMENAFN Press
(MENAFN Press) SOUTH SUDAN: Nearly 50,000 internally displaced People cut off from Humanitarian Assistance due to Increased Violence The medical-humanitarian organisation Doctors Without Borders ...

 Aug 28 2016 - Turkey Looks to Gulf Nations to Support TourismMENAFN Press
(MENAFN Press) In the lead up to the public holidays marking Eid Al Adha in September, the Turkish Ministry of Culture and Tourism is looking to visitors from Gulf countries to offset the recent ...

 Aug 28 2016 - Construction worker becomes the new millionaire of Al Ansari RewardsSummer Promotion 2016'MENAFN Press
(MENAFN Press) UAE, August 24, 2016– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the name of the third millionaire of ‘Al ...

 Aug 28 2016 - Sophos Expands Sophos Central Cloud-Based Management Platform with Sophos EmailMENAFN Press
(MENAFN Press) Sophos (LSE: SOPH), a global leader in network and endpoint security, today announced that Sophos Email is now available in its cloud-based Sophos Central management platform. ...

 Aug 28 2016 - Bloom Properties Set to Repeat its Success by Handing over Bloom Gardens Phase-3 Ahead of ScheduleMENAFN Press
(MENAFN Press) Abu Dhabi-UAE: 24 August, 2016 – Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, is set to deliver Phase ...

 Aug 28 2016 - Bentley Technology Enables Vic's Crane & Heavy Haul to Build and Deliver a 160-foot-long Process Vessel on Time and as Safely as PossibleMENAFN Press
(MENAFN Press) August 25, 2016: Flint Hills Resources chose Vic";s Crane & Heavy Haul to transport a 160-foot-long, 750,000-pound process vessel by barge and trailers to its Pine Bend Refinery in ...

 Aug 28 2016 - 20 Boxes of Donations from AFG Employees to Emirates Red CrescentMENAFN Press
(MENAFN Press) Al Fahim Group (AFG) has donated 20 boxes to the Emirates Red Crescent through the employee Box Appeal Campaign for the third consecutive year as part of its annual Ramadan CSR ...

 Aug 28 2016 - Red Hat Powers New Generation of High-performance virtualization based on open standards with Red Hat Virtualization 4MENAFN Press
(MENAFN Press) DUBAI, UAE, 25th AUGUST, 2016 – Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the general availability of Red Hat ...

 Aug 28 2016 - Emirates NBD ClassicsAriane Haering and Benjamin Schmid in DUCTAC!MENAFN Press
(MENAFN Press) An enchanting evening of Western Classical Music with Benjamin Schmid and Ariane Haering. The Swiss-born pianist Ariane Haering has a richness of chamber music repertoire. ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help