Foreign corporate headquarters. New investment opportunities in commercial offices

Nawaf Al-Zahrani

There is no doubt that there is a radical change in the office development sector in line with the vision of His Highness Prince Mohammed bin Salman, may God protect him, which made the world turn to the Saudi market which is characterized by strength, durability and sustainability, and naturally after foreign companies enter the Saudi market the demand for commercial offices increases.

<With the increase in the area of the offered spaces and the increasing demand, prices rose by a very small percentage that does not exceed 5%, especially in the capital, Riyadh, and on the other hand, with the correction steps taken by the General Real Estate Authority in cooperation with the Ministry of Commerce and the Ministry of Human Resources and Social Development, led to the exit of many companies and shelters This has given the Saudi market an adaptation to be a very strong market, and attractive to investments, and from this point of view, some developers began to trend in the manufacture of infrastructure for the headquarters of companies and trade fairs, and there are excellent opportunities for the developer to go in this direction instead of residential products.

The investment opportunities in this sector constitute varying percentages, but they are rising significantly, we look forward to the increase in the number of foreign companies and attracting them to the Saudi market during the next two years by 60%, and it is very natural that prices rise regularly (ratio and proportion); not randomly, the Saudi market is the best market in terms of import and export under Vision 2030, and we see this now in the size of the influx of Gulf and foreign companies.

Gulf and foreign companies.

*Chairman of Rowad United Real Estate Company