After a slower period for developers, 2017 saw a wave of new mega-projects announced in the Kingdom, with cities including Taif, Jeddah, Makkah and Medina set to host new large-scale developments. The emphasis was on providing needed homes for the growing Saudi population and driving further economic diversification, with projects aiming to...
The long-term development plan Saudi Vision 2030 seeks to transform the economy from powerful but hydrocarbons-dependent to diversified, dynamic and knowledge intensive, with a high standard of living for all citizens. One of the most ambitious policy documents published by any country, it is already having an extensive impact on the...
Perhaps the most significant regulatory enactment for the Kingdom’s construction and real estate players in years, the white land tax is expected to have a wide-ranging impact on the market. Instituted to encourage sales of land to more active developers, the government began issuing its first bills for taxable land in late March 2017.
Thriving revenues from hydrocarbons led to a period of widespread residential building in Algeria, with the housing segment leading the construction sector as the largest market in 2011-15, accounting for 41% of the total. Sustained growth is forecast until 2020, driven by an urbanisation expansion rate of 2.7% and a rising population...
As a key industry for Algeria’s economic development and diversification, the construction sector’s growth forecast remains positive despite the slowdown of the wider economy. There are major projects in transport and housing in the pipeline, though a flatter rate of expansion is expected due to investment cutbacks, and the buoyant curve of...
The built environment of Qatar has seen some spectacular changes in recent years, with rapid growth and a range of iconic towers, malls, gated communities, hotels and luxury villas coming onto the market. Swift expansion has transformed the skyline and propelled the country into the top ranks of the global real estate market. However, the fast...
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