“Real estate financing is expected to grow by 2.3 times over the next decade to become around 10 percent of the gross domestic product, worth some $270 billion, by 2029. Saudi Arabia is expected to build around 200,000 houses and apartments per year in that period.”
-Frank Kane in Arab News discusses real estate finance group Amlak International and it’s plans to list 30% of it’s equity. With retail group Bin Dawood also planning an IPO, he concludes the Amlak IPO is an important test of investor sentiment following Saudi Arabia’s economic lockdown. [Arab News]
