KSA fuels expansion through MEA commercial property markets ...| MENAFN.COM

Saturday, 01 April 2023 01:12 GMT

KSA fuels expansion through MEA commercial property markets

(MENAFN) Saudi Arabia’s commercial real estate industry is seeing an upturn as the nation’s prepares to expand its economy carries on to trigger request within the total property market, as shown by an additional report from the Royal Institution of Chartered Surveyors.

This comes as powerful market situation in the Middle East and Africa region carry on to challenge the broader international macro narrative, in line with the company’s Global Commercial Property Monitor.

The RICS report stated that occupier and financers request is allegedly increasing through all industries, with estimations for rental and capital worth expansion stay firmly positive, triggered by mainly upbeat feedback in Saudi Arabia, the UAE as well as Nigeria.

The report found that 81 percent of respondents located in Saudi Arabia consider that the market is in an upturn as the nation is presently witnessing a surge within the real estate industry motivated by infrastructure, housing as well as entertainment.


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