OBG talks to Emad Kilani, CEO, Al Maabar Jordan InvestmentsOBGplus
Interview:Emad Kilani As construction activity in the region gains momentum, how can real estate developers avoid repeating the mistakes that led to the crash? EMAD KILANI: The last real estate crash was precipitated by fiscally imprudent trends, including poor speculation, extensive lending to buyers and developers, and heavy dependence on pre-sales for financing. Jordan’s conservative banking system softened the impact on the local economy and real estate sector. While construction activity did slow, there are signs that Jordan’s construction sector is taking off again. To avoid falling into the traps that led to the last crash,…
