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Real Estate investors not concerned by 30-70 rule
January 31, 2015

A downturn in the Kingdom’s real estate market due to new mortgage regulations isn’t likely, said a leading real estate manager at one of Saudi Arabia’s largest private wealth funds on the sidelines of the GCF in Riyadh this week.

“We don’t think it will slow down. There is a lot of demand there, which can be filled in the coming five, ten years.

There’s a lot of gap,” said Sameer Kazi, head of cooperate real estate...

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Hyundai at full throttle in Saudi Arabia
January 31, 2015

HYUNDAI Motor Company has announced its third consecutive year of record sales in the Middle East region following the reporting of 2014 figures.

The region’s second largest automotive manufacturer recorded 339,813 unit sales across the region in 2014, representing an increase of 3 percent when compared with 2013.

The Korean brand has broken the 300,000 sales barrier each year since 2012. The biggest market for Hyundai in the Middle East remains Saudi...

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Cooking gas crisis deepens in Jeddah
January 31, 2015

Jeddah residents are complaining about the shortage of cooking gas for the third day in a row as outlets in the city have halted supplies.

A source said that the National Gas Company has laid off a number of its employees in a bid to streamline the company, which has led to the delays in the supply and delivery of the cooking fuel to the residents. Trucks have also been forced to wait for long periods of time at distribution points, they said.

Decline in production...

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Real Estate investors not concerned by 30-70 rule
January 31, 2015

A downturn in the Kingdom’s real estate market due to new mortgage regulations isn’t likely, said a leading real estate manager at one of Saudi Arabia’s largest private wealth funds on the sidelines of the GCF in Riyadh this week.

“We don’t think it will slow down. There is a lot of demand there, which can be filled in the coming five, ten years.

There’s a lot of gap,” said Sameer Kazi, head of cooperate real estate...

Continue Reading

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