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In a regional market where
demographic and economic conditions
are constantly changing, it is
inevitable to take into
consideration the appealing untapped
potential in the real estate
industry.
On one side, the region is
characterized with a young but fast
growing population. This demographic
feature nourished the housing needs
and increased demand for quality
retail space. These forces combined
together, stimulated the
construction industry, already fed
by other effects. Consequently, most
of the Middle East and GCC countries
are characterized with real estate
growth that is still based on
housing shortage rather than mere
speculation.
On the other side, the real estate
and construction industry rely
heavily on government spending
generated by the natural resources
income of the region (such as oil,
gas, mineral resources...). Although
the global recession has seen its
turbulent effects reach the region,
the announced public actions lead us
to believe that the construction
industry will prevail and remain
thriving for the next years to come.
Additionally the abundance of the
region's resources will make sure
that liquidity keep flowing long
after the recession is behind us. |
