One of Jeddah’s most pressing needs is a vast supply of new housing, both to cater for an expanding population and improve the quality of living for those in unplanned settlements. Growing 1.5% each year, Jeddah’s population is projected to be 13% higher in 2015 than in 2010, according to the Jeddah Development and Urban...
Articles & Analysis | Affordable demand: Opportunities in the housing market grow as the population increases from The Report: Saudi Arabia 2013
Interviews & Viewpoints | OBG talks to Osama Al Bar, Mayor of Makkah from The Report: Saudi Arabia 2013
Articles & Analysis | New prospects: As slow growth continues in many parts of the world, the stock exchange could see increased interest from The Report: Saudi Arabia 2013
With the spectre of the global economic slowdown still looming over advanced economies, investors weary of waiting for the long anticipated financial rebound might do well to look to emerging markets for potentially attractive yields. Four years on from the credit crisis, advanced economies are still lagging behind global...
Articles & Analysis | Increased security: Defence offsets programme helps to create local benefits from The Report: Saudi Arabia 2013
Looking to safeguard the county’s security in a tumultuous region, Saudi Arabia’s spending on defence continually ranks among the highest components of the country’s annual budget. While military expenditures as a proportion of the entire budget has fallen in recent years, defence and security spending accounted for 30.8% of the...
Articles & Analysis | Centre of activity: Redevelopment is expected to spur growth across a range of sectors from The Report: Saudi Arabia 2013
As Islam’s holiest city, Makkah has an economy that enjoys extraordinarily high demand from the many millions of Muslim pilgrims who visit it each year. With pilgrim numbers expected to nearly double between 2008 and 2019, the real estate, infrastructure, hospitality and retail sectors are among those most likely to benefit. All...
Articles & Analysis | Home sweet home: Reforms to the mortgage law and a major supply shortfall are set to transform the sector from The Report: Saudi Arabia 2013
Restricted by regulatory uncertainty and underdevelopment over the past two decades, the Saudi Arabian real estate market is poised for a breakout in the coming years as long-awaited mortgage law reforms and more than a million new units planned for construction look set to transform the domestic market.