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Mazaya Monthly Real Estate Report
Week 1 - September 2016
Al Mazaya: Recession of real estate activities
gives local companies a competitive advantage
over foreign companies
Moreover, the efforts of the region’s
countries have been focused on
developing their tax exemption laws in
order to attract foreign investments, in
addition to offering more investment
incentives to foreign companies.
They moved towards developing
human capital as well as corporate
governance. This would encourage
foreign companies to continue their
work, entry and investment, especially
in the real estate sector, which has
undergone unprecedented growth
over the past ten years. Foreign
companies and investments have
had a considerable and direct role
in this growth over the last decade.
In spite of several impediments and
challenges, many countries in the
region have been able to maintain their
investment attractiveness at both foreign
and domestic levels. Competition among
countries did not limit the movement
of investment to all economic sectors;
however, foreign companies’ entry
into the region's economies has had
considerable impact on economic
development. They also have had a role in
transferring various modern technology
and techniques that have made the
development of various sectors feasible.