A recent report by international real estate company Jones Lang LaSalle said that 2018 would be a “year of implementation” for Saudi Arabia following a historic 2017 in which Saudi Arabia saw great social and economic change.
JLL predicts that recent reforms enacted by King Salman and Crown Prince Mohammed bin Salman will “translate positively” to the economy and the real estate sector in Saudi Arabia in 2018.
“The introduction of social and economic reforms in 2017 represented a key turning point for the Kingdom of Saudi Arabia with new avenues of investment now paving the way for positive economic and real estate growth in what is set to be a year of ‘implementation’ ahead,” JLL writes.
The annual report examines the office, residential, retail and hospitality sectors in Saudi Arabia by location over the previous year and looks ahead for trends and predictions in the Kingdom.
[Click here to read the full report from JLL]