Commercial Offices. A global boom
Abdulaziz Alissa
The Kingdom's Vision 2030 has created a new economic reality as if the thermometer monitors the movement of global markets after 15 years, and predicts the changes that affected most aspects of life, so we are not surprised by the tremendous technical development, and global policies because the Kingdom has become part of the future makers.
The real estate sector is not surprised by the tremendous technical development, and global policies because the Kingdom has become part of the makers of the future.
<The real estate sector is inseparable from the integrated economic system; it is one of its solid pillars on which <a style="color: #ff6600;" href="https://amlak.net., where foreign investments in the Kingdom's markets have been active in the recent period as a result of the implementation of reforms in regulations and legislation; which contributed to accelerating and improving doing business, resulting in the registration of international companies in the Kingdom and renting "first-class“ offices in Riyadh, in response to the program launched by the government to attract the regional headquarters of international companies, all these positive signs confirm that the fruits of success are near in accordance with the plans announced by the Ministry of Investment, which aims to double the volume of annual investments as measured by gross fixed capital formation to reach 1,095 trillion.
With these important statistics, real estate developers had to work in parallel with these data by providing a new office offer that meets the desire of foreign and local companies, especially since the world has moved in this direction, for example in Dubai, 2295 commercial real estate units were sold during the past nine months worth 3.37 billion dirhams, and in Riyadh the supply area reached more than 4.8 million square meters, and in Jeddah 1.2 million square meters, in addition to the offices that were delivered this year, which confirms that the real estate sector works with the characteristic of proactive thinking for the movement of the rest of the sectors because it is the basis to which more than 200 economic activities are linked.
We hope that the real estate sector will be affected by the movement of the rest of the sectors. We hope that the residential sector will be positively affected by the movement and growth of commercial activity, especially since the strategies of major cities are working on doubling the population and building more new residential projects.
*Editor-in-Chief
