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Real estate in Saudi Arabia ‘to remain strong’

16 March 2009 No Comment

Dr Abdullah M. Bin Mahfouz, Vice Chairman of the Jeddah Chamber of Commerce and Industry has said that in spite of international markets reeling from the financial crisis, development and investment in Saudi Arabia’s real estate sector is expected to remain strong.

 Jones Lang LaSalle, a real estate experts has pointed out in a recent report that Saudi Arabia has a large domestic economy and is less dependent on global flows of capital and labour.

There are also many opportunities for investors, developers and occupiers with a recent snap poll finding that Saudi Arabia is expected by the construction industry to take centre stage in the coming period.

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