Saudi Arabia: Real estate developers complain about regulations
Real estate developers in Saudi Arabia complain that regulations are leading to the loss of financing in this field. According to Arab ANdews, one result is that many Saudi citizens prefer to invest their money in real estate projects in neighboring Dubai.
Recent scandals have reduced investor confidence and interest in local real estate projects even though investors appreciate that the Saudi Ministry of Commerce has adopted a step toward regulating and monitoring the sector, the newspaper added.
- Investors hunt for opportunities at Riyadh International Urban Development & Real Estate Investment Event
- Launch of Royal Amwaj Real Estate Development Fund
- Saudi Arabia: Taibah Investment and Real Estate Development to raise dividend
- Saudi Arabia: Real estate returns to growth as developments gain pace