Saudi Arabia's Vision 2030 aims to reduce the reliance on oil economy will provide opportunities for new developments in the tourism, entertainment and retail real estate. The Public Investment Fund (PIF) has been tasked to invest in companies and develop a series of "Giga Projects” for boosting the non-oil sector. Development of transport inf ....

Riyadh: The retail real estate supply gross leasable area was about ~ million Sq M in 2013 which further increased to ~ million Sq M in 2018 having the most growth in Saudi Arabia. The occupancy rate was estimated to be around ~% in 2018. The major supply of space was occupied by super-regional and regional malls. Jeddah: The gross leasable ....

“Listing of REIT’s in Saudi Arabia’s Stock Market coupled with Revision in Mortgage Law in which Loan to Value Ratio increased to 90.0% have driven the Saudi Arabia Real Estate Market” Revival of Cinemas in the region: AMC Entertainment in collaboration with The Development and Entertainment Investment Company (DEIC) launched the Kingdom’s fir ....

The report titled “ Saudi Arabia Real Estate Market Outlook to 2025 – By Retail Real Estate Market (Super-Regional Malls, Regional Malls and Community Centre), By Hotel Real Estate Market (3 Star, 4 Star, 5 Star and Other Hotels), By Office Real Estate (Premium Offices Grade A and Grade B) and Residential Real Estate Market (Apartment, Villas, Tr ....