Real Estate & Construction
From The Report: Saudi Arabia 2023
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Saudi Arabia’s economic rebound following the Covid-19 pandemic and the progress made on Vision 2030 projects have created a favourable set of conditions for real estate and construction activity. In September 2023 the Riyadh International Convention and Exhibition Centre is set to host the Saudi Infrastructure Expo, an event at which an estimated $1trn worth of smart city, tourism and clean energy projects will be presented to investors and local stakeholders. Meanwhile, the country’s estimated 5200 ongoing projects, totalling $819bn, continue to attract global construction talent and equipment. Demand for construction-related services remains high, driven by economic growth, oil revenue and giga-projects. While supply constraints may increase price pressures, public sector financing in construction projects is expected to remain robust in the years ahead.

This chapter contains an interview with Fabrice Susini, CEO, Saudi Real Estate Refinance Company.

Articles from this Chapter

Overview

Great expectations: Construction work is set to accelerate over the coming years due to housing initiatives and giga-projects
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Saudi Arabia’s economic rebound following the Covid-19 pandemic and the progress made on Vision 2030 projects have created a favourable set of conditions for real estate and construction activity. In September 2023 the Riyadh International Convention and Exhibition Centre is set to host the Saudi Infrastructure Expo, an event at which an estimated $1trn worth of smart city, tourism and clean energy projects will be presented to investors and local stakeholders. Although some projects are still…

Interview

Affordable access: Fabrice Susini, CEO, Saudi Real Estate Refinance Company, on recent trends shaping the housing market
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Interview:Fabrice Susini How do you assess the performance of the mortgage market in the years prior to 2023? FABRICE SUSINI: The market grew throughout 2022, even though the pace was slower than in 2020-21. This is due in part to rising interest rates, increasing prices for mortgages, which had an impact on potential borrowers. Nevertheless, the fundamental elements sustaining the growth of the mortgage sector remain strong, such as demographic advantages, GDP growth, low unemployment and…

Analysis

Concrete oases: Urban areas are experimenting with cooling technologies to mitigate the effects of changing climates
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With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with national and municipal governments tapping into data-collection infrastructure to track and limit the spread of the virus. Similar technologies are now being…