Riyadh - Abdul Razak Mohammed Saeed
Called Real estate experts to promote the real estate funds operating in the Saudi real estate sector, simplification of procedures and licenses for the establishment of such funds, which contribute to improving the investment climate in general and investment in the real estate sector in particular, and pointed out that the real estate investment trusts, one of the most important tools of investment financing that regulate work of the Capital Market Authority to revitalize the organization and the rehabilitation of the real estate sector as a sector vital supports and promotes opportunities for attracting international investments and the participation of the public through these funds that are subject to management companies, financial professional with specialized high degree of competence and experience. Dr. Saleh Malaika, Chairman of the Board of Directors of the first financial "due to the increasing demand for the housing sector in particular has contributed to real estate funds that were raised during the past two years under the umbrella of the financial market in the financing of some real estate projects where the total assets of public offering of real estate funds 1.3 billion Real, and there are ten real estate funds with special offers on an estimated total assets of 1.1 billion riyals. "
"The estimated needs of the Kingdom of new housing during the next ten years is estimated at 1.3 million homes in order to meet the natural increase of population, at the time expected to reach the Kingdom's population to 36.6 million during 2020 and thus, the total number of housing units required for the entire population is estimated at 5.9 million residence during the same period. "
And indicates the President of the Governing Council that this volume of demand for housing units required is the most important challenge to programs housing development carried out by the State to raise the standard of living of the Saudi individual, and continues, "so come the real estate sector of the most important sectors for a wide range of local and international investors but the weakness of the laws and regulations helped to slow the performance of this sector as well as the contribution of major sectors in the state in solving the housing problems are limited funding and the tools of real estate projects are still limited due to the weakness of systems to protect taxpayers. " Explains Dr. Saleh said that there are a number of real estate funds that have adopted the Capital Market Authority put forward in the sector of the most important Real Estate Fund (managed by Samba Financial Group), the Fund earning Villas Rehab (run by KSB Capital Group), and finally the Fund's first real estate development one of the largest funds, real estate development in size in the Saudi market and the advantage that the request meets the categories of middle-income and contribute to alleviate the problem of housing by increasing the number of housing units on offer. The total capital of 375 million riyals will be employed in the purchase and development of land scheme a good six in the southern city of Riyadh.
Angels and stressed the need for fixes and updates in the real estate sector as a whole, a reference to the importance of this sector due to the magnitude of investments and the large real estate market, Saudi Arabia and the complexity and the proportion of its contribution to GDP, as well as the increasing demand for residential units.
He said, "On this occasion we commend the role of the Capital Market Authority organized the contributions of real estate and the transfer of the organization issuing contributions to the financial firms specialized in the placement expertise needed to begin the efficiency of team work and to choose the appropriate project and the work of basic studies and economic feasibility of it and planning to issue a proposal and financial reporting ... etc. These things core can not be for real estate developers to do their own improvised Vashoaiip and the consequences will be severe consequences for investors in particular and on the economy and the real estate sector in general.
Therefore, we call to promote the increase in the number of real estate funds operating in the real estate sector in the Kingdom is still the market absorb more funds, especially with the increasing demand for real estate products different, and work to establish an independent body concerned with the real estate sector of the technical aspects and information, and aspects of the updating of regulations and legislation relevant drug , acceleration of the issuance of mortgage system which will lead to an increase in funding real estate sector at various levels, simplification of procedures, licenses and facilitating the procedures of the municipality which will contribute to improving the investment climate in this sector, as well as encourage some major institutions (such as Foundation pensions and the Social Insurance Institution) to contribute to the establishment of real estate funds contribute to solving the problems of housing, retirees and will certainly be an investment successful and contribute greatly in solving the problem of lack of housing market is suffering from and these measures certainly will bring successful investment, which contributes significantly to solving the problem of lack of housing units that suffer of the market.
http://www.alriyadh.com/2010/10/11/article567066.html
Called Real estate experts to promote the real estate funds operating in the Saudi real estate sector, simplification of procedures and licenses for the establishment of such funds, which contribute to improving the investment climate in general and investment in the real estate sector in particular, and pointed out that the real estate investment trusts, one of the most important tools of investment financing that regulate work of the Capital Market Authority to revitalize the organization and the rehabilitation of the real estate sector as a sector vital supports and promotes opportunities for attracting international investments and the participation of the public through these funds that are subject to management companies, financial professional with specialized high degree of competence and experience. Dr. Saleh Malaika, Chairman of the Board of Directors of the first financial "due to the increasing demand for the housing sector in particular has contributed to real estate funds that were raised during the past two years under the umbrella of the financial market in the financing of some real estate projects where the total assets of public offering of real estate funds 1.3 billion Real, and there are ten real estate funds with special offers on an estimated total assets of 1.1 billion riyals. "
"The estimated needs of the Kingdom of new housing during the next ten years is estimated at 1.3 million homes in order to meet the natural increase of population, at the time expected to reach the Kingdom's population to 36.6 million during 2020 and thus, the total number of housing units required for the entire population is estimated at 5.9 million residence during the same period. "
And indicates the President of the Governing Council that this volume of demand for housing units required is the most important challenge to programs housing development carried out by the State to raise the standard of living of the Saudi individual, and continues, "so come the real estate sector of the most important sectors for a wide range of local and international investors but the weakness of the laws and regulations helped to slow the performance of this sector as well as the contribution of major sectors in the state in solving the housing problems are limited funding and the tools of real estate projects are still limited due to the weakness of systems to protect taxpayers. " Explains Dr. Saleh said that there are a number of real estate funds that have adopted the Capital Market Authority put forward in the sector of the most important Real Estate Fund (managed by Samba Financial Group), the Fund earning Villas Rehab (run by KSB Capital Group), and finally the Fund's first real estate development one of the largest funds, real estate development in size in the Saudi market and the advantage that the request meets the categories of middle-income and contribute to alleviate the problem of housing by increasing the number of housing units on offer. The total capital of 375 million riyals will be employed in the purchase and development of land scheme a good six in the southern city of Riyadh.
Angels and stressed the need for fixes and updates in the real estate sector as a whole, a reference to the importance of this sector due to the magnitude of investments and the large real estate market, Saudi Arabia and the complexity and the proportion of its contribution to GDP, as well as the increasing demand for residential units.
He said, "On this occasion we commend the role of the Capital Market Authority organized the contributions of real estate and the transfer of the organization issuing contributions to the financial firms specialized in the placement expertise needed to begin the efficiency of team work and to choose the appropriate project and the work of basic studies and economic feasibility of it and planning to issue a proposal and financial reporting ... etc. These things core can not be for real estate developers to do their own improvised Vashoaiip and the consequences will be severe consequences for investors in particular and on the economy and the real estate sector in general.
Therefore, we call to promote the increase in the number of real estate funds operating in the real estate sector in the Kingdom is still the market absorb more funds, especially with the increasing demand for real estate products different, and work to establish an independent body concerned with the real estate sector of the technical aspects and information, and aspects of the updating of regulations and legislation relevant drug , acceleration of the issuance of mortgage system which will lead to an increase in funding real estate sector at various levels, simplification of procedures, licenses and facilitating the procedures of the municipality which will contribute to improving the investment climate in this sector, as well as encourage some major institutions (such as Foundation pensions and the Social Insurance Institution) to contribute to the establishment of real estate funds contribute to solving the problems of housing, retirees and will certainly be an investment successful and contribute greatly in solving the problem of lack of housing market is suffering from and these measures certainly will bring successful investment, which contributes significantly to solving the problem of lack of housing units that suffer of the market.
http://www.alriyadh.com/2010/10/11/article567066.html
No comments:
Post a Comment