Raising employment levels has been a core concern for the Saudi government for several years now. As the Kingdom looks to develop a more sustainable economy, based on higher-value products and strong productivity, it is also looking to deal with the unemployment rate and place more Saudi nationals in the labour market.
Although infrastructure upgrades are supplying the construction industry with the biggest share of its projects, housing will remain an important source of work in the coming years. According to Kuwait Finance House, real estate projects account for 35% of ongoing construction projects in Saudi Arabia. With the government keen to bridge the...
Buoyed by prolonged government stimulus, Saudi Arabia’s construction sector is experiencing rapid expansion, with no shortage of contracts in any segment of the industry. From housing to utilities and transport infrastructure, public spending is driving the contracting industry forward. While operational challenges remain, including concerns...
Buoyed by prolonged government stimulus, Saudi Arabia’s construction industry, the second-largest sector in the economy after oil, is experiencing rapid expansion, with no shortage of contracts in any segment. From housing and utilities to transport infrastructure, public spending is driving the contracting industry forward. While operational challenges remain, including concerns over the...
Favourable demographics, a solid macroeconomic outlook and a confluence of demand drivers are inspiring bullishness in all property segments in the Philippines. Motivated by some of the region’s most competitive rental rates and an attractive workforce, business process outsourcing (BPO) firms are taking office space in sought-after commercial...
As property markets in South-east Asia absorbed major hits following the last time they experienced rapid growth in the late 1990s, questions inevitably arise over the degree to which the Philippines’ ongoing surge in property value and activity is being driven by solid fundamentals rather than opportunism.
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