The commercial real estate market is clearly expanding vertically and horizontally

Riyadh-Amlak
One of the largest real estate groups operating in the retail sector in the UAE has managed to acquire land north of Al-Takhasoosi Road in Riyadh to build a huge commercial complex similar to its famous complex in DebenThe new land is located at the intersection of Al-Takhasi Road and Abu Bakr Al-Siddiq Road, and is expected to start work soon, at the same time the commercial real estate market is witnessing a clear vertical and horizontal expansion in the major cities of the Kingdom of Saudi Arabia.

Commercial market investments
A number of media sources indicate that the implementation of this deal for the Emirati group after years of its studies of the Saudi market and new population growth sites, despite the intense competition in the local market in the retail sector, and the remarkable spread of five famous groups in the food retail sector.

The real estate market in its commercial sector is witnessing a clear vertical and horizontal expansion in the major cities of the Kingdom. The real estate market in its commercial sector is witnessing a clear expansion in the investment of commercial land, especially located on the new axes north of Riyadh (King Abdulaziz Road, Abu Bakr al-Siddiq Road, Othman bin Affan Road, and the northern ring in its western part) through the so-called strip mall projects, which include one of the famous food markets and a number of shops in the restaurant sector, cafes, fast food and luxuries.

Sixth commercially
In a recently published report, the Kingdom ranked sixth globally in the 2013 Retail Trade Index, after China came in first place, followed by the UAE in second place and Kuwait in fourth place.

Dr. Martin Fabel, Partner and Head of Consumer Sector Research and Retail Practice at A.T. Kearney Middle East, said: «The GCC's retail sector saw tremendous growth in 2012 thanks to increasing tourism inflows and new retail projects.» He added that the Kingdom remains a growing retail destination with extensive untapped potential, adding that consumer confidence levels are among the highest in the Middle East and North Africa, with studies indicating that Saudis are among the world's most passionate consumers.


An international report said that the UAE's increase in construction projects was followed by the UAE and Kuwait in fourth place. The increase in construction projects in the region is in line with population growth and government directives to expand the business and tourism sectors, highlighting the need to create smarter and more sustainable cities and communities, according to an international report. As an integral part of this mission, the cost-effective and sustainable construction and maintenance of buildings has created a natural synergy between three key areas of the industry including facilities management, waste management and cleaning services. The Big 5 Exhibitions
To support the rapid growth of these areas, and to coincide with the showcasing of sustainable and economical products, services and technologies from around the world at The Big 5, two specialized trade events, the Middle East Waste Management & Recycling Show and the Cleaning & Hygiene Trade Show, will be unveiled for the first time in May 2014.

Aimed at facilitating dialogue between government bodies, developers, architects, contractors and facility managers, the two exhibitions will be organized alongside FM Expo, which coincides with the region's leading construction exhibition, The Big 5.
Andy White, Event Director at The Big 5, said: «At the heart of sustainability within the built environment is what most industry leaders call the »integrated design methodology«, which involves architects, building contractors, project managers, facilities managers, cleaning contractors and waste management teams from the earliest stages. This is what these events accomplish by bringing together key stakeholders to learn about the latest innovations and discuss ways to overcome industry challenges.»

Expo
Recently announced laws and regulations, including the Dubai Municipality's new green building regulations, provide clear indications of the direction the industry should take to embrace sustainable construction across a range of sectors and applications. Together with FM Expo, the two new exhibitions will provide an important platform for discussion between regulators and the private sector, and access to new solutions and technologies.
The events will take place at the Dubai World Trade Center from May 19-21, 2014. In addition to exhibition activities, the events will also host a range of educational forums. The World FM Congress returns for its third year with the Middle East Waste Management & Recycling Expo, which hosts a specialized conference and a number of free on-site seminars.

Middle East Waste Management & Recycling Expo.