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Mazaya Monthly Real Estate Report
Week 1 - February 2017
The Building and Construction Sector is a
Significant Income Generator and a Key
Catalyst for Economic Recovery
In its weekly real estate report, Al
Mazaya Holding said the cost control
policy adopted by the region’s countries
has directed more focus on the
construction sector, being a significant
income-generating stream, with the
private sector directing more attention
to
the
construction-contracting
sector as projects have continued
to be established and generate
investment returns. In the meantime,
local firms have remained unable to
compete with foreign multinationals.
The building and construction sector in
the region has survived the economic
challenges witnessed over the past
period as a result of oil price fluctuations
along with the concomitant global and
regional developments. Though it has
been adversely impacted by the fall in
government spending, the sector has
played a positive role in attracting new
foreign investments to the real estate
sector and other economic platforms in
GCC states, thus significantly contributing
to economic recovery in the region.