Real Estate Wealth. Balanced competition in the construction sector
Poll: Abdullah Al-Salih
Revealed Future Projects Forum, recently held in Riyadh, announced more than 3000 projects in various regions of the Kingdom, with an estimated value of about one trillion riyals, making the building and construction sector with such projects an effective element in the economic movement by 8%, and constitute an important tributary in the recovery of investments of contracting companies and related activities.
Amlak Real Estate Newspaper polled a number of real estate professionals and specialists about the impact of these projects on the sustainability of the contracting market, and how best to benefit from them.
Abdullah Al-Ajel: The market has room for all options
.During his statement, real estate marketer and broker, Abdullah Al-Ajel, confirmed that the policy of enhancing options in the real estate market by enriching the market with diverse projects that suit all needs differently; leads to growth and advancement of the needs of the real estate market in its various types and types, and the field of building and construction in particular is witnessing in this period a distinction reflected through the existing opportunities.
<Speaking about the challenges facing the sector, he said: "Great aspirations did not exist without creating challenges that try to overcome them; and as long as the data and efforts meet the aspirations and needs of the market and work in a professional manner as it seems that this will be the case, the hope is great that these challenges will constitute success stories and excellence that meet the expectations of those interested in it and beneficiaries."
Ajel said that the sector is witnessing a period of excellence that is reflected through the existing opportunities. ”It is difficult to determine the ideal partnerships in light of the balanced competition between companies, and given the extent of the needs of the real estate market, explaining that the market can accommodate all options offered by competitors, whether large contractors or enterprises that have had the opportunity to compete according to their capabilities in this sector.”
Al Ajel said that it is difficult to determine the ideal partnerships in light of the balanced competition between companies, and given the extent of the needs of the real estate market.
Adel Al-Shehri: Directly stimulating the activities of the contracting sector
Adel Al-Shehri, Deputy CEO of Sawam Real Estate Company, explained that visionary projects directly stimulate contracting activities, building materials and supporting services, contribute to stimulating small and medium enterprises, and raise the competitiveness between enterprises in all regions of the Kingdom.For his part, Adel Al-Shehri, Deputy CEO of Sawam Real Estate Company, explained that the visionary projects directly stimulate contracting activities, building materials and supporting services. The real estate wealth is one of the pillars of a strong economy for any country seeking development and progress, and the projects by their nature revitalize the economy of any region and increase its value and people flock to it, and the diversity and distribution of projects contribute to the activity of the sector throughout the Kingdom, because of the good and benefit it brings to the region and its visitors and residents.
Shehri explained that the future vision directly stimulates the activities of contracting, building materials and supporting services, and contributes to stimulating small and medium enterprises and increases the competitiveness of enterprises in all regions of the Kingdom. Regarding the division of investment opportunities, Al-Shehri emphasized the importance of partnerships between investors and businessmen, pointing out that large and medium enterprises are not indispensable to small enterprises, as everyone supports each other in completing projects and facilitating and accelerating their success.
