Ahmed El Shamy

Cenomi Centers & GIB Capital Launch $266M Fund to Boost Saudi Retail Growth. Cenomi Centers has joined forces with GIB Capital to launch a massive $266 million closed-end real estate fund, set to transform the retail landscape in Qassim. Here’s what you need to know: 🔹 The fund will support the U Walk Qassim Mall project, with construction resuming in December and completion targeted for Q4 2026. Once operational, the 60,000 sq. meter complex will host 135+ retail stores, contributing significantly to the region’s economic growth. 🔹 Beyond retail, this initiative will drive residential, office, and leisure developments, aligning with Saudi Arabia’s Vision 2030 goals to diversify the economy and become a global tourism hub. 🔹 The retail sector is projected to contribute SR460 billion to the Kingdom’s non-oil economy by the end of 2024. This is a key step in positioning Saudi Arabia as a leading business and tourist destination in the GCC. 🔹 The partnership with GIB Capital, who will manage the fund, aims to unlock new investment opportunities and fuel wider urban development in Qassim, strategically located at the intersection of major routes like King Abdulaziz Road. 🔹 Retail in the GCC is expected to grow at 4.6% annually between 2023 and 2028, driven by strong expansion in Saudi Arabia and the UAE. As an entrepreneur with a focus on real estate investment advisory, business match-making, and FDI promotions, I see tremendous potential in these strategic developments. Let's connect and explore how we can leverage this momentum for mutually beneficial growth opportunities. #SaudiArabia #Vision2030 #RetailGrowth #RealEstateAdvisory #FDIPromotion #StrategicPartnerships #KSA #BusinessStrategy #CenomiCenters #GIBCapital #InvestmentOpportunities #Qassim #Shan

١

As Dubai continues to rise in prominence as a global hub, its real estate prices and rental rates have also surged, making it less accessible for some buyers and tenants. However, real estate markets are always about balance. When prices in one area move in one direction, the dynamics dictate that gaps will form, and naturally, other players will step in to fill them. #RealEstate #Dubai # Sharjah #MatketDynamics #UAERealEstate

٤١

In this week's #MarketMovers - - BIG - Beyout Investment Group Investment IPO, - Arkan Al Kuwait Real Estate Company & AlOula Real Estate merger - Orient Holding profit distribution - 30% Cash profit distribution by Arabic Digital Holding Company - Upcoming #assembly meeting by First Securities Brokerage Company - Upcoming assembly meetings by Dimah Capital and YIACO Medical Company to discuss financial results and recommendation not to distribute dividends. - Trading updates focusing on First Education Company K.S.C.C., Wataniya Airways and more Stay up to date with #profitdistributions, #companynews, #trading and more with almowazi's #weeklymarketupdate. https://conta.cc/44L8AIR

١٠

١ تعليق واحد

We discuss the investment potential of Al Marjan Island, which is set to be home to the Wynn Casino, the first casino in the Middle East and the biggest in the world. The real estate market in Ras Al Khaimah has seen significant growth, with a 50% increase last year and a projected 25% surge this year. The limited supply and luxury nature of the island make it an attractive investment, with prices starting at around 1 million AED (£210,000 approx). Many of the developments on the island are already sold out, so it's important to act quickly to secure a unit before the prices rise further. With interest free payment plans, golden visas and guaranteed huge returns this is you’re chance to own a luxury holiday home on a private island. DM for more details on the best upcoming projects 📲 #AlMarjan #UAE #Investor #Dubai #DubaiRealEstate #LuxuryRealEstate #DubaiLuxury #RealEstate #UAEProperties #luxuryhomes #luxuryapartments #investment #DubaiProperty

٧

١ تعليق واحد

Cairo Office Market Dynamics, Q2 2024   The office sector in Cairo is poised to experience positive momentum in the second half of 2024, as market conditions stabilise and business confidence grows. The availability of high-quality office spaces will drive further growth, attracting both local and international occupiers seeking strategic locations in a thriving market. Read our Cairo Real Estate Market Overview: Q2 2024 to find out more about the performance of the Office sector. https://lnkd.in/dc3erU7S

١٠

The Central Bank of the UAE has recently made key announcements that give reason for optimism on the country's growth prospects. 📈 It confirmed that GDP growth in 2023 reached 3.6% 📈 It forecasted GDP growth for 2024 to reach 3.9%... 📈 ...and for 2024 to accelerate further to 6.2%. The UAE economy can be split into: 1️⃣ Its oil sector (which still accounts for ~25% of the UAE GDP) and 2️⃣ Its non-oil sector (sub-sectors like real estate, tourism & hospitality, transportation and financial services) * 2024 growth would be driven by the non-oil sector (+5.4% vs +0.3% in the oil sector) * 2025 growth would be driven by the oil sector (+8.4% vs +5.3% in the non-oil sector) Those of you who have followed previous posts of mine already know this hinges on the UAE limiting its voluntary oil production cuts according to plan. For now, the latest purchasing manager index, a metric I follow closely due to its reliability in predicting short-term growth, stands at >55, indeed suggesting solid growth is ahead. It will be fascinating to follow along closely to see if and how expectations materialize.

١٠

To double the Saudi real estate market akin to Dubai, strategic policy changes are key: - Streamlined permit processes to accelerate new developments and attract more investment. - Implement transparent real estate laws for investor confidence. - Allow foreign investors to own land like in Dubai's freehold zones. Offer: - Tax benefits and exemptions for real estate investments. - Favorable mortgage rates for investors. - Public-private partnerships for large-scale projects. Focus on: - Diversifying the economy under Vision 2030. - Attracting expatriates and skilled workers. - Developing tourism hubs and luxury projects for international buyers. Invest in: - Transport networks for accessibility. - Smart cities with advanced tech. - Balanced urban planning. Strategies: - Global promotions via roadshows. - Host expos to showcase opportunities. - Develop luxury projects for high-net-worth individuals. Encourage: - Real Estate Investment Trusts formation. - Robust dispute resolution mechanisms. - High professional standards for trust in the market. By embracing these changes, Saudi Arabia can cultivate a thriving real estate market reminiscent of Dubai's success.

٣

More wealthy individuals are anticipated to choose the UAE as their new home, drawn by the allure of the Golden visa program and the attractive low tax regime. This influx is set to drive continued growth in real estate investments in the region, maintaining the upward trend. #uae #dubai #wealthy #investment #realestate

١٠

In this week's #marketmovers: *  Refrigeration, Storage, and Oil Services Industries Company (RIC) (OTC 84 ) has recently commenced the distribution of 100% cash dividends. * AlMazaya Holding Company K.S.C.P. (Holding) and First Dubai Real Estate Development Company K.S.C.P. have reached an agreement for a merger. * United Oil Projects Co. (OTC 372) will propose the distribution of 15% cash dividends to shareholders at its upcoming #assemblymeeting, an increase from the 12% cash dividend received last year.  * OTC 982 United Agricultural and Livestock Production Company, will deliberate on allowing the Board of Directors the authority to distribute cash dividends to the company's shareholders semi-annually or quarterly in 2024, based on its discretion.  * The month of May had active #trading, with #unlisted and #delisted shares worth KD 11.9 million being traded. 146 million shares from 82 unlisted and delisted companies were traded this month through 503 deals. Notably, two unlisted companies in the education sector dominated the trading activity in terms of both volume and value. * Active trading was done by Gulf Rocks Co. (K.S.C) and Kuwait International Investment Company KSC this week. Sign up for our #weeklymarketupdate on our website. #marketintelligence #companynews #assemblymeeting #profitdistribution https://conta.cc/4e6CHib

٨

١ تعليق واحد