28 February 2011
MUSCAT: Real Estate is the highest valued sector in Saudi Arabia at $347 billion, followed by infrastructure, oil & gas, petrochemicals and power & water, according to the latest research from Zawya, the Middle East's leading online business intelligence platform.
The revelation comes following data derived and analysed from thousands of members utilising Zawya's Projects Monitor service in 2010. Zawya's Project Monitor is an online platform enabling its members to identify and connect to the Middle East's major construction initiatives and developments. The service is backed by a dedicated team of analysts delivering daily updates on projects across the region, including their size, scope of work, current status and other important details.
"Transparency and the lack of up-to-date information are two of the most significant challenges facing the Middle East's real estate sector, " said Firas Al Sabbagh, Zawya's new general manager in Saudi Arabia.
"The 'Ask the Analyst' feature offers members direct access to a Zawya analyst providing that much-needed personalised approach and short turnaround time when responding to inquiries made on the site. With Zawya projects, we are arming professionals who are keen to do business or invest in Saudi Arabia's various sectors with accurate and transparency information, ultimately to help them make better informed decisions."
According to Zawya Projects Monitor, the highest valued projects in Saudi Arabia is the world's tallest tower KHC, valued at $20 billion, followed by Ras Al Zour power and the desalination plant in the Duhairah district.
Zawya will showcase its Project Monitor service in the forthcoming Big 5 event taking place at the Jeddah.
Visitors attending the Big 5 will be able to meet with Zawya industry experts and log onto the Zawya Projects platform during the exhibition to get the latest information on their target projects throughout the region. Interested professionals can visit Zawya at the Big 5 Stand No. T 102.
MUSCAT: Real Estate is the highest valued sector in Saudi Arabia at $347 billion, followed by infrastructure, oil & gas, petrochemicals and power & water, according to the latest research from Zawya, the Middle East's leading online business intelligence platform.
The revelation comes following data derived and analysed from thousands of members utilising Zawya's Projects Monitor service in 2010. Zawya's Project Monitor is an online platform enabling its members to identify and connect to the Middle East's major construction initiatives and developments. The service is backed by a dedicated team of analysts delivering daily updates on projects across the region, including their size, scope of work, current status and other important details.
"Transparency and the lack of up-to-date information are two of the most significant challenges facing the Middle East's real estate sector, " said Firas Al Sabbagh, Zawya's new general manager in Saudi Arabia.
"The 'Ask the Analyst' feature offers members direct access to a Zawya analyst providing that much-needed personalised approach and short turnaround time when responding to inquiries made on the site. With Zawya projects, we are arming professionals who are keen to do business or invest in Saudi Arabia's various sectors with accurate and transparency information, ultimately to help them make better informed decisions."
According to Zawya Projects Monitor, the highest valued projects in Saudi Arabia is the world's tallest tower KHC, valued at $20 billion, followed by Ras Al Zour power and the desalination plant in the Duhairah district.
Zawya will showcase its Project Monitor service in the forthcoming Big 5 event taking place at the Jeddah.
Visitors attending the Big 5 will be able to meet with Zawya industry experts and log onto the Zawya Projects platform during the exhibition to get the latest information on their target projects throughout the region. Interested professionals can visit Zawya at the Big 5 Stand No. T 102.
© Times of Oman 2011
