Monday, February 25, 2013

Real estate investments rose to 45% in Makkah in 2012


There is no doubt that Saudi Arabia's real estate sector is poised to witness a boom in offering tremendous growth opportunities this year. This is due to the much-anticipated approval of the mortgage law, implementation of affordable housing projects and growth of the hotel and hospitality sector, as the industry further taps into religious tourism, which is expected to contribute to sector growth of more than 20 percent in 2013 alone.

It is for this reason that this year's Cityscape Jeddah assumes importance. Currently in its fourth successful year, the exceptional event will take place with the support of Jeddah Gov. Prince Mishaal bin Majed from March 2-4 at the Jeddah Center for Forums and Events and will include a large exhibition, plus three intensive, interactive days, consisting of 40 top-level management speakers, including CEOs and chairmen, more than 20 interactive panel discussions and case study presentations, round tables to spread knowledge sharing and 7 networking opportunities to increase the possibilities to establish local and international contacts with key stakeholders that are otherwise impossible to reach.

Read more: http://www.zawya.com/story/Real_estate_investments_rose_to_45_in_Makkah_in_2012-ZAWYA20130225025624/

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