The Middle East

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How is the ministry fostering public-private partnerships (PPPs) with local private developers?

 

The firm building the world’s tallest skyscraper, the Jeddah Tower, overlooking the Red Sea port of Jeddah has developed a funding vehicle for the construction that is a first for Saudi Arabia. The tower will be higher than Dubai’s Burj Khalifa and will form the iconic centrepiece of Jeddah Economic City. Thanks to new regulations from Saudi...

 

In November 2014 a new mortgage law was introduced for loans covering residential real estate transactions in the Kingdom. This imposed a 70% loan-to-value (LTV) rule on residential mortgages.

 

With lower public spending and a doubling in office space expected, can commercial developments continue to attract investment?

 

Benefitting from rising incomes and a youthful growing population, Saudi Arabia’s real estate sector has seen steady expansion in the past decade. Although this increase has been more modest than in its GCC neighbours, it is clear that strong demand for residential real estate will continue over the long term thanks to the country’s...

 

Despite lower government spending, transport infrastructure projects are set to continue in the Kingdom, with increasing opportunities for private sector involvement, whether through privatisation, private contracts or public-private partnerships (PPPs).

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