In its latest report, global consultancy firm Turner & Townsend highlighted that the construction activities are also driven by the Kingdom’s preparations for EXPO 2030 and the 2034 FIFA World Cup. The report highlighted that despite political uncertainties, substantial investments are driving growth in the Gulf region as countries seek to diversify beyond traditional energy sources. The analysis also highlighted Saudi Arabia’s efforts to attract global corporate occupiers through its Regional Headquarters Program. “The global real estate market is emerging from a challenging period of inflationary pressures, volatility and disruption. The report also highlighted that implementing technology in the construction sector could help overcome various challenges faced by the industry.

Source: The Nation June 20, 2024 10:07 UTC