Market Share of Saudi Arabia Real Estate Industry
The market is highly competitive, with increasing demand for new properties due to growth in commercial activities and increased competition.
Some of the major real estate development companies operating in Saudi Arabia are Al Saedan Real Estate, Kingdom Holding Company, Ewaan, SEDCO Development, Jabal Omar Development Company, and Emaar.
More than 95% of the local real estate developers are primitive in their work. The old ways of doing business will prove challenging to them in supplying the market with high-quality office buildings. The Kingdom mandated that all foreign companies with contracts with the government move their head offices to Saudi Arabia. This mandate implies the country's need for more office buildings to meet international standards and cover the huge demand for foreign companies and investors.
The market is expected to witness aggressive competition between local and international developers. Companies must change their strategies to survive by adopting international standards and practices.
International real estate companies are entering the Saudi market to secure their place and obtain a market share, as this is a growing and promising market in its early stage of booming.
Saudi Arabia Real Estate Market Leaders
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Al Saedan Real Estate
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Kingdom Holding Company
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Ewaan
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SEDCO Development
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Jabal Omar Development Company
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Emaar
*Disclaimer: Major Players sorted in no particular order
