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Continuous entry of FDI opportunities in Saudi Arabia stimulates activities in local contracting market
Foreign direct investment (FDI) plays a pivotal role in stimulating a country’s economic growth. It helps create employment opportunities, increase wages, replace declining market sectors, and stimulate infrastructure development and technology transfer.
Over the years, many economies such as China, India, South Korea, Singapore, and Taiwan have experienced high levels of progress due to strong FDI flows, among other key factors.
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Beyond building: KSA developers planting fresh seeds for evolving property landscape
Around 10 years ago, the Kingdom of Saudi Arabia's housing market began to feel mounting pressure from a growing imbalance between demand and supply. After quadrupling over the last four decades , the burgeoning Saudi population has triggered a housing shortage that has necessitated the formation of a Ministry of Housing to address the situation. Around 4.6 million houses are needed by 2020 to cope with the current disparity: as a strong response, aside from establishing the new Ministry, the Sa
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The big buy: purchasing your first home
Buying real estate is one of the most important – and most expensive – decisions an individual can make. While all of us dream of owning a home, the processes behind this transaction can quickly turn into a nightmare. Scouting for a house and then finally taking the plunge to buy one requires a lot of homework, legwork, patience and foresight.
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Benefiting from the brand: more branding needed to accelerate and sustain growth of KSA real estate sector
The Kingdom of Saudi Arabia (KSA), the Gulf's largest economy, is also developing into one of the region's top real estate markets. While the property sectors of other Gulf countries have been struggling since the emergence of the global crisis, the Kingdom faces demand for 1 million additional housing units alone by 2014. Assuming that current production levels remain steady and that the population maintains its expected annual growth rate of 2.48 per cent, the domestic property sector would ha
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