Impediments have arisen in the wake of the COVID-19 virus epidemic, as have issues that necessitate innovative solutions. Businesses have transformed into more than just one service provision with sectors introducing home delivery services and retail sector making e-shopping the new trend. With platforms that provide smart tools and interactive lessons, lifestyles  have evolved; perhaps this is the silver lining of the COVID-19 dark cloud.  

Education, wellness, and e-commerce are among the most prominent sectors that are set to see significant change. Telehealth  innovations have helped in the examination and diagnosis of the citizenry. Online learning systems are in more demand than ever  before. A new concept of employment is seen in the job market, physical presence is no longer a basic condition for performance or  productivity. Of course, there are some occupations in which the physical presence at a workplace is indispensable. 

There are still untapped investment prospects in the Kingdom of Saudi Arabia, however before we get into that here are a few reasons why investing in KSA is a smart move: 

• Attractive property returns
• Leading  financial sector 
• Young and  skilled workforce
• Integrated  infrastructure 
• Expanding  quality of life 
• Game-changing opportunities
• Vision  2030 
  

Many experts believe that the real estate market in Saudi Arabia will rebound very quickly owing to the restart of delayed projects  as well as the announcements of several megaprojects. 

When you look at the ambitions laid out by the Ministry of Housing, the reason for these changes is apparent. It aims to increase the number of households by next year from 47 per cent to 60 per cent, and 70 per cent by 2030, requiring additional 1.2 million residences. Although the government will still play a significant role, it is evident that it is critical to strengthen the private sector’s capacity and expertise to accomplish these objectives. To promote advanced technological innovations the government  has launched a series of financial and non-financial incentives. These policies to promote global real estate investment are part of  a larger framework of economic reforms.  

Where do we fit in this equation? With over 12 years of significant experience, Land Sterling presents its line of services in Saudi Arabia in accordance with international standards. We advice our clients on real estate valuations, real estate investment and development solutions, feasibility and strategic consulting as well as building and project consultancy. With plans to introduce professional consultancy services ranging from strategic planning to actual structuring, we are actively involved with various investors and developers to bring exciting projects into the KSA market. We trained and built a team of local professionals and international advisors, who work closely to maintain the project cycle efficiently which in turn will be rewarding for investors and  property owners. We plan to introduce international operators in a number of sectors including Healthcare, Education, Tourism &  Hospitality and Logistics. 

Land Sterling aims to serve its KSA clients further by effective organizational engagement and implementation. We aim to open doors for investments and encourage sustainable development across all sectors throughout the largest real estate market in the region. 

(The author Youcef Betraoui is the CEO of Land Sterling)