How far might the continued growth of vacant apartments affect rental and building prices in the short to medium term?
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Interviews & Viewpoints | Ahmad Kasem, Deputy CEO, United Real Estate Company: Interview from The Report: Kuwait 2016
Chapter | Real Estate & Construction from The Report: Kuwait 2016
Real estate has long been a mainstay of Kuwait’s non-oil economy, while its construction industry is among the strongest in the region and a rising star in the non-oil economy, with its growing population, tightly regulated land market and wealthy populous all combining to fuel demand for new building. In 2014 the two industries together accounted for 10.6% of non-oil GDP. Although a range of...
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Articles & Analysis | Lower cement prices likely to encourage activity in Nigeria from The Report: Nigeria 2016
Recent developments in Nigeria’s cement industry bode well for the construction sector moving forward. Indeed, capacity expansion and greater competition should help drive down prices in a market that remains comparatively expensive.
Articles & Analysis | Planned spending by the Nigerian government set to boost construction sector from The Report: Nigeria 2016
As the continent’s most populous nation and arguably its biggest economy, Nigeria offers a lot of potential for construction firms – particularly given the significant need for infrastructure work, from housing to roads. However, meeting this demand will require overcoming a number of obstacles, ranging from cash flow issues and payment delays...
Articles & Analysis | Ronald Chagoury Jr, Vice-Chairman, South Energyx; Odenigwe Ike Michaels, CEO, Centenary City; Vinay Mahtani, CEO, Churchgate; and Elias Saad, Chairman, Eko Pearl Towers: Interview from The Report: Nigeria 2016
Which regulatory changes could support efforts to create an enabling environment for real estate development?