09.06.2011 - Riyadh's real estate market set for strong demand
According Jones Lang LaSalle, the Riyadh real estate market is expected to experience strong demand on the back of improving economic indicators like oil prices and real GDP growth now projected at 5.7 percent. This positive outlook is further strengthened by the government's recently announced stimulus package that aims to invest significant public capital into a broad range of public sector developments and infrastructure projects. Considering all real estate asset classes in Riyadh, the residential sector appears most promising because of strong national population growth combined with increasing number of expatriates entering the country to work in 'hot' sectors like construction, health care and education. (Press Release)