Abdulmuhsin Al Bakr

The Special Meeting on Global Collaboration, Growth, and Energy for Development 2024, currently ongoing in Riyadh on the 28th and 29th of April, is a gathering of 1,000 global leaders from 92 countries. The aim of this special meeting is to facilitate global dialogue and work towards finding actionable, collaborative, and sustainable solutions to shared global challenges. It is commendable that since 1990, there have been successful efforts to halve child mortality rates globally. Organizations like Rotary International have been demonstrating long-term commitments to addressing global health challenges. For over 35 years, Rotary has been working tirelessly to eradicate polio, with notable support from figures like #BillGates and Bill & Melinda Gates Foundation and their active engagement. Thanks to collaborative efforts, polio cases have been reduced by 99%, a significant achievement. However, despite this progress, #polio remains endemic in countries like Pakistan and Afghanistan, underscoring the need for continued global commitment to eradicate polio entirely and ensure that all countries become polio-free. By working together and maintaining focus on shared goals, we can strive to create a healthier and more sustainable world for all. #EndPolioNow #WordEconomicForum #RotaryInternational

١٢

🚆 𝐅𝐢𝐫𝐬𝐭 𝐑𝐢𝐝𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐢𝐲𝐚𝐝𝐡 𝐌𝐞𝐭𝐫𝐨: 𝐀 𝐆𝐚𝐦𝐞 𝐂𝐡𝐚𝐧𝐠𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐂𝐢𝐭𝐲! 🌆 This week, I had the opportunity to experience the newly opened 𝐑𝐢𝐲𝐚𝐝𝐡 𝐌𝐞𝐭𝐫𝐨, traveling from KAFD | كافد to Riyadh Airport. Let me tell you—it’s impressive! The station architecture is stunning, the facilities are top-notch, and accessibility has been thoughtfully designed. Special shoutout to the friendly ushers who made navigating this first ride a breeze. 🙌 For a city like Riyadh, notorious for its traffic congestion, the metro marks a significant milestone. It’s not just about convenience; it’s about 𝐩𝐫𝐨𝐯𝐢𝐝𝐢𝐧𝐠 𝐚 𝐫𝐞𝐚𝐥 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐟𝐨𝐫 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐚𝐫𝐨𝐮𝐧𝐝—a step forward for urban mobility. What also stands out is the 𝐥𝐚𝐬𝐭-𝐦𝐢𝐥𝐞 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 integrated or planned to be integrated into the system by Royal Commission for Riyadh City | الهيئة الملكية لمدينة الرياض (RCRC). In KAFD, complementary SUVs are already operational, providing convenient rides from the metro station to any location within the district. Looking ahead, 𝐨𝐧-𝐝𝐞𝐦𝐚𝐧𝐝 𝐛𝐮𝐬𝐞𝐬 𝐚𝐧𝐝 𝐜𝐚𝐫𝐬 are planned to extend this seamless connectivity throughout the city. As for me, I opted to take a stroll through the 𝐒𝐤𝐲𝐰𝐚𝐥𝐤, a weather-proof and futuristic pathway connecting the KAFD towers. It’s a brilliant feature that ensures the metro remains accessible 365 days a year, regardless of the weather. On a broader note, this aligns perfectly with the growing focus on 𝐦𝐮𝐥𝐭𝐢𝐦𝐨𝐝𝐚𝐥 𝐦𝐨𝐛𝐢𝐥𝐢𝐭𝐲 as a key driver for smarter, more sustainable cities. Proximity is essential for developing resilient urban centers. This was echoed in a keynote I recently listened to by Prof. Carlos Moreno the pioneer of the “15-Minute City” concept, who coined the term 𝐏𝐫𝐨𝐱𝐢𝐥𝐢𝐞𝐧𝐜𝐞—the idea of proximity as fundamental to urban resilience in addressing today’s challenges. It’s also reflected in the recent deflation by World Urban Forum (organized by UN-Habitat (United Nations Human Settlements Programme), stressing the importance of placing proximity and circularity at the heart of urban development. Is the Riyadh Metro perfect? No, and nothing at this gigantic scale is from day one. But first impressions suggest it’s a solid foundation for building one of the world’s most modern, connected, and convenient multimodal mobility networks. Have you tried the Riyadh Metro yet? What are your thoughts? 💬 #RiyadhMetro #UrbanMobility #15MinuteCity #SmartCities [Disclaimer: views in this post do not necessarily represent the views of BCG]

١٦٦

٦ تعليق

🏢 The Strategic Importance of Branding & Positioning in Saudi Arabia’s Real Estate Market 🏢 As Saudi Arabia’s real estate sector continues to boom, fueled by ambitious projects and Vision 2030 initiatives, branding and positioning are more crucial than ever. In this highly competitive landscape, a strong brand can do more than just attract clients; it builds lasting connections and trust. Here’s why strategic branding is essential in Saudi Arabia’s thriving real estate industry: 1️⃣ Differentiation in a Crowded Market: With new developments and communities emerging across the Kingdom, a distinct brand identity sets a property apart. Effective branding isn’t just about aesthetics—it’s about communicating value, lifestyle, and vision that resonate with potential buyers and investors. 2️⃣ Building Investor Confidence and Client Trust: A credible brand in real estate signals reliability, quality, and consistency, which are key in high-stakes investments. In Saudi Arabia’s expanding market, a well-positioned brand reassures clients, creating loyalty that sustains beyond the sale. 3️⃣ Capturing Global Interest: As Saudi Arabia attracts increased global investment and attention, brands that are strategically positioned can tap into an international market. A powerful brand can extend its reach far beyond local borders, drawing interest from foreign investors and making Saudi real estate an attractive option worldwide. 4️⃣ Boosting Long-term Value: A strong brand identity in real estate contributes directly to property appreciation. Buyers aren’t just purchasing space—they’re investing in a lifestyle, a location, and a vision. This adds significant long-term value, both for clients and for developers aiming to establish premium offerings. As Saudi Arabia’s real estate sector continues to transform, developers and property brands have an incredible opportunity to build lasting identities that drive growth and investment. Now is the time to define, differentiate, and elevate. 🏙️ Digi Web LLC Fady El Sayah #RealEstate #Branding #SaudiArabia #Vision2030 #PropertyDevelopment #MarketGrowth #Positioning #RealEstateInvestments #SaudiMarket

١٤

٢ تعليق

To consider a step by step into real estate development strategic planning to ensure a successful delivery of developments, we could take the following key steps: 1- Concept Planning and Feasibility: (define vision & goals > market analysis > feasibility studies) 2- Pre-development: (Site selection > Due delligence > Design &Planning) 3- Development Planning: (Detailed design > permitting & approvals > financial planning) 4- Acquisition: (Land Acquisition > Contracting) 5- Construction: (Project Management > Quality Control) 6- Close out & Move in: (Final inspections > Marketing and Leasing/Sales > Project Handover) 7- Post development: (Performance monitoring > Maintenance & management) All above steps are not to be followed in a concequitive way, as some actions shall come earlier and some could be acted in parallel from the initial planning, all depend on the nature of the development and associated constraints/opportunities/business drive. #realestate #strategicplanning #development #design #business #feasibility

١

Saudi’s business landscape has been transforming rapidly ever since the launch of the Vision 2030. As we stand a little ahead of the mid-mark of the 2030 roadmap, we can already see the Saudi market reaping the benefits of the investments and efforts made to meet the Kingdom’s goals. Evidently, at AstroLabs, we have noticed a four-fold increase in the business expansion activity – the timeframe of decision-making has significantly reduced to 2 months in 2024, compared to 8-12 months back in 2018. The size of the businesses entering has also increased by 2x compared to last year. Here are the top 3 contributing factors behind this growth: 1. Market size & potential: With Saudi constantly innovating and transforming conventional methods of doing business, the demand for unique solutions has increased, unlocking growth and potential in sectors including Tourism, Construction, IT, Sustainability, and Sports among others. 2. Business environment: The government has introduced a plethora of initiatives that not only encourage expansion but also ensure a supportive landscape for international and regional businesses. The 100% foreign ownership is just one of the many benefits that companies enjoy in Saudi. 3. Product market fit: With a growing young population, the appetite to consume high-tech and innovative products has increased. With a digital-first vision, the nation has opened its doors for IT and tech-driven businesses to setup and cater to the increasing demand for cutting-edge solutions. I remember when I initially started leading the expansion department at AstroLabs in 2020, the time taken to decide by businesses on whether they should enter the market at that time would end up being a top blocker preventing them to expand to Saudi and drive growth. However, this narrative has changed now – companies are more enthusiastic about entering Saudi even from our initial meetings with them. If you have questions on business expansion to Saudi, drop me a DM! #SaudiMarket #Expansion #MarketEntry #SaudiArabia #SaudiVision2030

٤٥

Saudi Awwal Bank - Disaster Recovery Data Center in Al Khobar, Kingdom of Saudi Arabia, has achieved Tier III Certification of Design Documents. A special thank you to Abdulrhman Bahwaireth, Bandar Alshihry, and Mohammed Fazal for their dedication. This milestone confirms that the design meets high standards for reliability and efficiency, paving the way for the Tier Certification of Constructed Facility. #Tier #TierStandards #TCDD #Uptime #UptimeInstitute #GlobalStandards #Design #Resiliency #Sustainability #Availability #DigitalTransformation #DataCenters #DataCenterInfrastructure #DigitalInfrastructure #DataCenterIndustry #MiddleEast #MiddleEastTech

٢١

State Real Estate #Authority Considers Allocating #Properties to Non-Profit Sector. The General Authority for State Real Estate is contemplating the allocation of state-owned properties to benefit the non-profit sector, following guidelines established by the Authority's Board of Directors. Source: مشاريع السعودية | Saudi Projects #SaudiArabia #RealEstateAuthority #NonProfit #ArabTimes #ArabTimesNews

١

Thrilled to share my insights in this episode of JLL MEA Insights, where I explore how technologies like LiDAR scanning, BIM, drones, and AI are driving innovation in the Saudi Arabian real estate market. These tools are not just buzzwords. they’re reshaping how we design, deliver, and manage projects, enhancing efficiency and creating long-term value. What do you think is the most impactful technology shaping the real estate industry today? #Digitaltransformation #BIM #Lidarscanning #Contech #Proptech

٧٥

١٣ تعليق

Darb Al Arqam offers consulting services to guide clients through the often complex process of selecting a facility management company. They provide detailed market analysis, review contractual agreements, and suggest customizable service options that align with the client's strategic objectives. This ensures that clients make informed decisions based on comprehensive data and expert advice. By fostering strong partnerships between clients and facility management providers, Darb Al Arqam facilitates a seamless integration of services, optimizing the efficiency and sustainability of facilities. This hands-on approach not only helps in maintaining the longevity and value of the properties but also enhances the overall user experience, thereby positioning Darb Al Arqam as a pivotal player in the facility management industry.

١

Join our upcoming PMP journey and let’s exchange some useful tips , tools , methodologies . So excited to new discussions, discoveries that would enhance our mindset! See you In a week !!

٤

Proud of the remarkable progress ALDAR has made during the first half of this year... Both Aldar Development and Aldar Investment have achieved outstanding results from across the business, delivering significant value and sustainable growth for our shareholders. In H1 2024, we saw a 57% year-on-year increase in net profit, reaching AED 3.3 billion. Aldar Development achieved exceptional results, with AED 14 billion in sales, up 21% year-on-year, supported by strong demand and effective project delivery. Meanwhile, Aldar Investment’s revenue has grown by 30% year-on-year to AED 3.2 billion, with adjusted EBITDA up 27% to AED 1.3 billion, driven by a high-quality asset base and the resilient UAE market. Our commercial segment reached a record 97% occupancy rate, reflecting strong demand and rising business confidence in Abu Dhabi. Proud of the team for these results and excited for the future growth and developments of Aldar. #Aldar #H12024Results #UAERealEstate

٧٩٥

٢٦ تعليق

𝗔 𝗦𝘂𝗻𝗹𝗲𝘀𝘀 𝗗𝗮𝘆 𝗶𝗻 𝗝𝗲𝗱𝗱𝗮𝗵 . . . In 2003, I was holding in my hands an inventory transactions report for one of ourglobal heavy equipment clients in Jeddah, Saudi Arabia. The night previous, we had successfully finished a major upgrade to the ERP platform, and I was in the final stages of confirming the successful completion of the upgrade. The receivables balances were tallying, the balance sheet gave matching numbers, the sales figures tallied perfectly, and the inventory report was a mirror image of the one prior to the upgrade – not a single riyal difference. The outcome matched the plan – super! 𝘖𝘯𝘦 𝘢𝘯𝘰𝘮𝘢𝘭𝘺 𝘤𝘢𝘶𝘨𝘩𝘵 𝘮𝘺 𝘢𝘵𝘵𝘦𝘯𝘵𝘪𝘰𝘯. The printed inventory report was three pages shorter. I launched a series of reconciliations. I found out that the inventory revaluation transactions (transaction type 8 as I still remember 😊) had disappeared without a trace. For standard costing inventory valuation setup, a software bug in the new release had erased the historical revaluation transactions. A perfect software crime! What an evil bug! – Sauron-level evil ☹.  I remember the long walk to the CFO’s office to inform him about the situation. There was only one way to explain . . . the painful one. I spent that afternoon on three long international calls to the senior consultant in Dubai to design a solution that could get us out of the mess (𝘐 𝘴𝘵𝘪𝘭𝘭 𝘩𝘢𝘷𝘦 in my drawer 𝘵𝘩𝘦 𝘢𝘯𝘤𝘪𝘦𝘯𝘵 𝘕𝘰𝘬𝘪𝘢 𝘱𝘩𝘰𝘯𝘦 𝘵𝘩𝘢𝘵 𝘐 𝘶𝘴𝘦𝘥 😁). I had absorbed all the client’s fury, felt sorry for myself after his angry outbursts at me, and drank enough tea to drive an elephant to insomnia. Reversing what had happened was impossible. That was a fact. The eggs had already been scrambled and served. It was impossible to get them back into their shells. Yet, there had to be other ways to fix the terrible client experience. Our team built an extremely lengthy process to minimize the damage. We probably swapped more than 10 databases. We spent hours – one database table after another, one algorithm wheeling in more algorithms, one report verifying another – until we found our way out of the mess. The mess happened; we were just cleaning up diligently. The exhaustion, stress and panic were too much. However, my ability to devise this lengthy process and carry it out to fruition gave me some hints about how important 𝗗𝗜𝗦𝗖𝗜𝗣𝗟𝗜𝗡𝗘 is. Like peeling an onion, you discover deeper layers of yourself and what you can / cannot do. 𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 𝗶𝘀 𝗮 𝘃𝗲𝗿𝘆 𝘀𝘁𝗿𝗼𝗻𝗴 𝗲𝗻𝗮𝗯𝗹𝗲𝗿 – 𝗲𝘃𝗲𝗻 𝗮𝘁 𝘁𝗶𝗺𝗲𝘀 𝗼𝗳 𝗰𝗿𝗶𝘀𝗶𝘀. 𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 𝗴𝗼𝘁 𝘂𝘀 𝗼𝘂𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗴𝘂𝘁𝘁𝗲𝗿 𝘁𝗵𝗮𝘁 𝗻𝗶𝗴𝗵𝘁. Looking to the brighter side, any meeting with a client for the next twenty years was easier. Whenever I fly through Jeddah airport (below), I enjoy that memory. 𝗙𝗿𝗼𝗺 𝘁𝗵𝗲 𝗯𝗼𝗼𝗸 “𝗬𝗼𝘂’𝗿𝗲 𝗚𝗼𝗻𝗻𝗮 𝗡𝗲𝗲𝗱 𝗮 𝗕𝗶𝗴𝗴𝗲𝗿 𝗕𝗼𝗮𝘁” – 𝟮𝟬𝟮𝟮. 

٦٣

١٠ تعليق

The CEO of RAFAL Real Estate Development Co. Elias Abou Samra highlighted to Arab News that recent data on mortgage figures is a testament to the sustainable demand in housing coupled with an agile and efficient regulatory environment. #SaudiBanking #RealEstate #FinancialStability #EconomicGrowth #Investment #SAMA #HousingMarket #Innovation #Efficiency #Vision2030

١٠٤

٣ تعليق

As we move through an increasingly digital landscape, understanding the evolving threats is essential, especially in office spaces. Robust cybersecurity measures, like those at #Servcorp are crucial. This Cybersecurity Awareness Month, prioritizing awareness and education is key to safeguarding our collaborative workspaces.   #Cybersecurity #OfficeSpaces #CybersecurityAwarenessMonth https://lnkd.in/dP27PZct

٢١

Oman’s real estate sector remains resilient despite economic challenges: Report The real estate sector in the Sultanate of Oman remains resilient and even grows despite economic challenges. This is the main takeaway of the Real Estate Sector Report 2024 published recently by Tibiaan Properties, one of the leading real estate companies in the country, managing a rich portfolio of apartments, villas, condos and land, as well as commercial real estate. The report highlights key developments and trends that are shaping the real estate industry. Despite ongoing challenges such as footfall concerns and the impact of geopolitical turbulence on supply chains, the report reveals the resilience of the real estate sector in Oman. Read more: https://lnkd.in/dkZ-6Ya4 Tibiaan Properties Ministry of Housing & Urban Planning Ministry Of Economy Oman Sultan Haitham City #RealEstate #Housing #Growth #Properties #Oman #OmanBiz

٨

It was a great pleasure to meet with Mr. Khaled Abbas, Chairman of the Administrative Capital For Urban Development - ACUD Capital and to share insights on how Voom's PropTech system is creating a significant shift in the real estate industry. #PropTech #DigitalTwin #RealEstateInnovation #Voom #RealEstateDevelopment #SmartSolutions #InteractiveTechnology #BusinessDevelopment #AdministrativeCapital #RealEstateMarketing

٦

🌍🏢 The Global PropTech Summit is coming to Riyadh! This Sunday, Riyadh will be at the forefront of the real estate technology revolution, hosting The Global PropTech Summit. It’s exciting to see industry leaders, innovators, and visionaries come together to discuss the future of property technology and its impact on real estate markets worldwide. The event aligns perfectly with #Riyadh’s Vision 2030, driving innovation and digital transformation in the real estate sector! #PropTech #GlobalPropTechSummit #RealEstateInnovation #DigitalTransformation #SaudiArabia #Vision2030

٣

٢ تعليق

🔍 Where is the Saudi Arabian Economy Heading? 🚀 Saudi Arabia is on a continuous path of growth and transformation. According to the preliminary budget document for 2025 released by the Ministry of Finance, the Kingdom is set to achieve sustained economic growth and unprecedented transformations through 2027. These changes are part of #Vision2030, aimed at enhancing economic diversification and reducing dependency on oil, positioning Saudi Arabia as a global and regional economic powerhouse. 🌍💼 Despite global economic challenges, Saudi Arabia is implementing long-term reform strategies to ensure #sustainability and attract #investment, establishing itself as a leading destination in global markets. 📈 📊 Key Economic Milestones: GDP ACHIEVED AND FORECASTS 🔺️ 2017: 2.57 trillion SAR ($685 billion) 🔺️ 2018: 2.94 trillion SAR ($784 billion) 🔺️ 2019: 3.17 trillion SAR ($846 billion) 🔺️ 2020: 2.60 trillion SAR ($693 billion) (due to COVID-19) 🔺️ 2021: 3.49 trillion SAR ($931 billion) 🔺️ 2022: 4.155 trillion SAR ($1.11 trillion) 🔺️ 2023: 4.003 trillion SAR ($1.07 trillion) 🔺️ 2024: 4.091 trillion SAR ($1.09 trillion) (Forecast) 🔺️ 2025: 4.352 trillion SAR ($1.16 trillion) (Forecast) 🔺️ 2026: 4.431 trillion SAR ($1.18 trillion) (Forecast) 🔺️ 2027: 4.718 trillion SAR ($1.26 trillion) (Forecast) Saudi Arabia's economic transformation is unfolding now, and its impact will be pivotal for the world. 💡 👉 Engage in the conversation: Share your thoughts on Saudi Arabia's economic future in the comments below! #SaudiEconomy #GlobalInvestment #Vision2030 #EconomicTransformation #Business #EconomicDevelopment #Investment #Innovation #Growth

١١

٢ تعليق

https://lnkd.in/eUhuxBd9 The Saudi real estate market is is a very interesting debate driven by its large and youthful local population and the nation’s ambitious vision for the future. This dynamic creates unique opportunities for both investors and developers bringing significant economic benefits to the region. - Residential Demand: A growing population is driving demand for high-quality housing especially in citycenters like Riyadh and Jeddah. - Vision 2030 Projects: Transformative initiatives like NEOM and The Red Sea Project are redefining the real estate landscape and boosting global interest. - Commercial and Mixed-Use Development: The rise of vibrant, multifunctional spaces is attracting businesses and creating jobs further fuelling economic growth. - Sustainability: Eco-conscious developments are becoming a priority, aligning with Saudi Arabia’s commitment to a greener future. The combination of a strong demographic base and strategic government initiatives ensures the Saudi market is poised for sustained growth and long-term success. #SaudiRealEstate #Vision2030 #EconomicGrowth #MiddleEastInvestors #Sustainability #UrbanDevelopment #RealEstateTrends

١