Middle East Investors to spend $180 billion on Real Estate Outside of the Region

By Bizclik Editor

Up to $180 billion of Middle East wealth is set to be invested in commercial outside of the region over the next decade, according to consulting firm CBRE.

In its latest report titled ‘Middle East: In and Out’, highlights the enormous disparity between the amount of real estate to be found and the spending power housed in the region, with Europe the target of most of the $180 billion set to filter overseas.

Nick Maclean, Managing Director for CBRE Middle East, said: ““Since the global financial crisis, Sovereign Wealth Funds (SWFs) from the Middle East have become one of the most significant sources of capital in the global real estate landscape.

“The demand from these institutions has evolved during the last few years into a sophisticated source of liquidity for many of the mature real estate markets around the world.”

SWFs are pools of money derived from a country's reserves which are set aside for investment purposes that will benefit the country's economy and citizens.

Around $145 billion is expected to reach Europe with $85 set for the UK alone thanks to its lucrative private property market. France, Germany Italy and Spain are among the other key target markets.

Back in the Middle East CBRE also pointed towards Dubai as a key destination for inbound investment in real estate.

Another important site which could help keep investment inside the region in the coming years is King Abdullah Economic City in Saudi Arabia, which has been operational since 2010 and set to be completed by 2020 in an attempt to diversify the Saudi economy. 

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability