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Mazaya Monthly Real Estate Report -
Week 3 - JULY 2015
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Targeting Small and Medium Industries:
Al-Mazaya Report states heavy
investment in SME is equally important
as the investment in large scale
projects within the local economy
regardless of its multiple sectors. As
such, industrial investment in SME
is now critical and will require more
attention in the phases to come.
Data released from GOIC indicates
the number of industrial SMEs in the
GCC’s was 13.5 thousand in 2014 and
their gross value is USD 14.3 billion.
The construction metals industry
and metals related to transportation
rank first in terms of accumulated
investment, followed by construction,
then food industries ranking third in
terms of current investment scale.
The issue of developing local
capabilities is demanding mostly with
regard to the industrial SMEs so that
their competitiveness can be improved
qualifying them to take part in local
and foreign partnerships. The report
states that it is now time to set up the
necessary frameworks for suppliers,
technology providers, buyers and
investors to convene together to
achieve progress and proper growth
rates to the industrial sector and to
introduce a variety of commercial
opportunities whenever possible.
The report stresses that upgrading the
industries directly and indirectly related
to the construction sector and especially
to real-estate increases the added value
of industrial products and maximizes
their economic significance as a portion
of the GDP very tangibly. The above is
all in light of heavy investment going to
construction and real-estate considering
the interrelatedness available between
real-estate sector and other sectors.
Endless Investment Opportunities:
Al-Mazaya Report raises speculations
based on a number of positive elements
and motives available to the economies of
the region which are directly contributing
to the success of the strategies currently
targeting the industrial sector. On
the other hand, the multiplicity and
diversity of investment opportunities
in the GCC economies add more to the
efficiency and timely accomplishment
of related plans and strategies.