Gulf real estate market to hit $90 billion

Published February 3rd, 2005 - 07:32 GMT
Al Bawaba
Al Bawaba

A recent market research on the real estate sector indicates that the size of AGCC market may touch some $90 billion in next four years, said Adel Al Shirawi, chief executive officer, Tamweel, UAE. According to him, the UAE and Saudi Arabia accounted for a major share nearing 80 per cent of the total GCC market.