Christine Burke’s Post

As Saudi Arabia attracts more international investment, the property sector is becoming increasingly important. Related industries like construction and building materials are also growing. Real estate investment in Saudi Arabia is a promising opportunity for investors. Explore more in our article https://lnkd.in/di6rnj6b #saudiarabia #realestate #investment

The Vision 2030 of Saudi Arabia is set to create numerous opportunities in the real estate sector

Alistithmar Capital and Ezdihar Real Estate team up to launch a $293 million property development fund, poised to reshape Riyadh's commercial landscape. 🔹 Strategic Partnership: Aiming to maximize investors' capital growth, the fund will develop a revenue-generating commercial office complex on a prime 103,000 sq. m parcel of land within King Saud University's premises. 🔹 Tailored Opportunities: CEO Khaled Abdulaziz Al-Rayes highlights their commitment to offering high-quality investment prospects, ensuring optimal returns in the ever-evolving real estate sector. 🔹 Customer-Centric Approach: Abdulmohsen Fawaz Al-Hokair, CEO of Ezdihar, emphasizes their dedication to providing unique investment opportunities aligned with customer expectations. 🔹 Continued Success: This partnership follows Alistithmar Capital's previous agreement with Safa Investment Co. to launch real estate funds, underscoring their commitment to driving growth in Saudi Arabia's property market. 🔹 Recognition: Forbes Middle East ranks Alistithmar Capital among the largest asset management firms in Saudi Arabia and the Middle East, with approximately SR32 billion in total assets under management. #RealEstateInvestment #PropertyDevelopment #FinancialAdvisory #CommercialRealEstate #RiyadhBusiness #InvestmentOpportunity #Entrepreneur

PIF to Acquire 36% Stake in Saudi's Binladin Group, Reports Bloomberg. RIYADH: According to Bloomberg reports, Saudi Arabia's Public Investment Fund (PIF) is gearing up to secure a significant 36 percent stake in the esteemed construction giant Binladin Group. Although PIF has not issued an official statement in response to the report, Bloomberg sources suggest the fund is in discussions with Morgan Stanley regarding a potential investment in the Saudi Binladin Group. The $700 billion wealth fund, known as PIF, is contemplating acquiring a portion or the entire 36 percent stake currently held by the Ministry of Finance, as revealed by insiders quoted by Bloomberg. However, these discussions are confidential. Reportedly, the sovereign wealth fund aims to collaborate with local firms to develop essential infrastructure for major events like the World Expo. Both Morgan Stanley and PIF representatives have refrained from commenting on the matter. Binladin Group representatives were unreachable for comment. PIF's strategic investments are pivotal in steering Saudi Arabia towards reducing its reliance on oil, overseeing transformative projects like NEOM. Last year, PIF allocated $1.3 billion towards acquiring stakes in four local construction companies, thereby fortifying the Kingdom's domestic construction sector. Binladin Group operates across construction, power, and industrial sectors, spearheading numerous prestigious projects both domestically and internationally. #SaudiArabia #PIF #BinladinGroup #Investment #Construction #RealEstate #Infrastructure #Development #BusinessNews #Economy #NEOM #SaudiVision2030 #GigaProjects #MegaProjects #PropertyAdvisory #RealEstateInvestment #PropertyMarket #RealEstateAdvice #InvestInProperty #PropertyConsultant

Matthew Martin, a journalist at Bloomberg News, shared an article discussing Saudi Arabia's ambitious economic transformation plans and the challenges they face. The post highlights the following key points: 1. Saudi Arabia's $1.5 trillion plan to diversify its economy away from oil is encountering obstacles. 2. The kingdom is struggling to attract foreign investment, with only $8 billion in foreign direct investment in 2022, far below the $100 billion annual target. 3. Crown Prince Mohammed bin Salman's vision includes massive construction projects like Neom, a futuristic city in the desert. 4. Concerns about the feasibility and funding of these projects are growing, especially as oil prices fluctuate. 5. The article explores the complexities of Saudi Arabia's economic transformation and the potential risks involved. Martin's post serves to inform his network about the current state of Saudi Arabia's economic diversification efforts and the challenges the country faces in achieving its ambitious goals[1]. Citations: [1] matthew-martin-5519a222_saudi-princes-trillion-dollar-makeover-faces-activity-7217180845042761730-2e https://lnkd.in/e8mic-UK

The fund will acquire and develop land in Riyadh

Exciting developments in Saudi Arabia's financial and construction sectors are shaping the future of projects in the region! Recent articles highlighting key trends: 1. "Saudi Arabia's Vision 2030 driving investments in infrastructure projects." #Vision2030 #Investment 2. "Construction boom in Saudi Arabia forecasted to continue in 2021." #Construction #Growth 3. "New financial regulations set to bolster Saudi Arabian market." #Regulations #MarketTrends The country's focus on diversifying its economy and attracting investments is evident in these initiatives. As we witness this unprecedented growth, it's clear that the opportunities for collaboration and innovation in Saudi Arabia are boundless. ✨ Let's be part of this transformative journey and contribute to the progress of the Kingdom! #SaudiArabia #Finance #Projects #Collaboration #Innovation #LinkedInPost #ProfessionalWriting

Investing in Saudi Arabia is becoming increasingly attractive for various reasons, as the country has been undergoing significant economic transformation. Here’s why you should consider it: 1. Vision 2030 and Economic Diversification • Saudi Arabia’s Vision 2030 initiative aims to diversify its economy beyond oil. The government is heavily investing in infrastructure, tourism, technology, and renewable energy, opening up new sectors for investors. • Projects like NEOM (a $500 billion smart city) and the Red Sea Project are creating vast opportunities for real estate, construction, and tech investments. 2. Favorable Business Environment • The Saudi government has implemented reforms to attract foreign investors, including: • Reduced corporate tax rates. • Streamlined procedures for starting businesses. • Increased foreign ownership allowances. • Initiatives such as the Special Economic Zones (SEZs) offer tax benefits and relaxed regulations. 3. Growing Consumer Market • Saudi Arabia has a young, tech-savvy population, with over 70% under the age of 35. This presents significant opportunities in e-commerce, technology, and consumer goods sectors. Message us to begin your journey of investing in the Middle East. #saudi #invest #realestate #property #middleast #dubai #trumptowers

The value of projects under development in Saudi Arabia is almost equal to India’s GDP. No that's not a joke. For some context, here are a few of the many Giga-Projects currently underway in KSA - Neom ($500bn), Roshn ($90bn), Dirayah ($63bn), New Murabba ($50bn), Qiddiya Project ($40bn), Al’Ula ($35bn), The Red Sea Project ($20bn), Jeddah Central ($20bn), and King Abdullah Financial District ($7.9bn). The above is underpinned by the National Investment Strategy (NIS), which was launched in 2021 and set a $3.3 trillion (yes trillion with a ‘T’) strategy to support and enable the realisation of Crown Prince Mohamed Bin Salman’s Vision 2030. And here in Dubai, we're definitely seeing strong tailwinds from the rising economic activity across the border in Saudi. If you want to see a country that's literally changing overnight, head to Saudi Arabia to see the future.

S&P: Non-Oil GDP in Saudi Arabia Set to Grow Strongly, Boosted by Vision 2030 Projects 🔹️ S&P Global projects that Saudi Arabia’s non-oil GDP will continue to grow robustly, driven by rising consumer spending, tourism, and construction activities as a result of the ambitious Vision 2030 projects. 🔹️ Even if some Vision 2030 projects are scaled down, domestic demand is expected to reduce the share of the oil sector in the economy to 24-26% by 2030. With the completion of the Neom project, the oil sector’s contribution to GDP could drop to 24%, down from 35% in 2017. However, if the budget for Neom is cut by half, the oil sector’s share would likely be 26% of the economy. ⏫️ It’s incredible to witness how far Saudi Arabia has come in reducing its reliance on oil. In the past, oil made up nearly 90% of our economy, but today, in 2023, it’s down to 50%. This isn’t just a number; it’s a clear reflection of the Kingdom's commitment to Vision 2030 and its ambitious goals. It shows that we are on the right path to creating a more balanced, sustainable future for generations to come. This transformation is not only boosting sectors like tourism and technology, but also driving growth in construction and real estate development. We’re seeing the positive impact of this shift every day, and it’s exciting to think about what lies ahead for Saudi Arabia. #SaudiArabia #Vision2030 #EconomicGrowth #NonOilEconomy #Neom #SustainableDevelopment #SPGlobal #Diversification #SaudiTourism #Construction #Technology #RealEstateDevelopment