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Mazaya Monthly Real Estate Report -
Week 1 - JUNE 2015
Al Mazaya Holding Company weekly
report points out the GCC states
undertook the Middle East’s largest
share of logistics contracts in 2013,
thanks chiefly to strong economies
that rebounded well in the wake of the
global financial crisis. GCC logistics
sectors are expected to grow at an
average rate of seven percent in
2015 to serve trade and construction
sectors that are growing rapidly.
Demand for superb infrastructure
is at an all time high in the Gulf.
Likewise, in the region’s other developing
economies, the logistics sector typically
grows
healthily
as
governments
remain mindful of the need for strong
infrastructure to underpin long term
economic and social plans, and therefore
continue to invest significantly while
ensuring labour and tax environments
are conducive to sector growth.
There are many reasons for Gulf
countries to continue to invest
significantly in infrastructure and
logistics, Al Mazaya Report believes.
These include explosive population
growth over the short and medium-
term, the growth of the middle class,
the requirements to provide excellent
hospitals and schools, and the
imperative to ensure Gulf economies
remain characterised by dynamism in
order to maintain their global status.