Capitas Group International in the News - 2012-12-17 17th December 2012

With the value of the sector estimated at over SAR 1 trillion today Saudi media has recognized the real estate market's significance for the Kingdom's economy. Given our full focus on the real estate sector, CGI's approach to the market and various projects are receiving attention both on the real estate financial platforms side as well as on the Development Management side.

Please enjoy the articles and clips below which provide details on the Saudi real estate market, the dynamic changes taking place and some of the projects we are working on.

As always, we welcome your thoughts and comments. 

Capitas Group International

Arab News - Small and Medium size Developers supply 70% of housing in the Kingdom (Dec 16, 2012)

Arab News recently featured CGI's comments on the need for targeted financing programs to support small and medium size developers. In the interview, Naveed Siddiqui, CEO of CGI, explained that the unique positioning and requirements of small and medium size developers requires a specialized solution.    

Click here for the complete story.

Big Project ME - Clear Vision for Real Estate Development (Dec 13, 2012) (English/Arabic)

Big Project ME, the MENA region's leading B2B publication for the construction industry,recently featured CGI's views on the need for a true Development Management focus for real estate projects in the Kingdom. The analysis cites several typical scenarios where a lack of holistic thinking has resulted in abandoned projects or suboptimal use of land that could have yielded higher returns.

The complete story can be accessed here in English and Arabic

Al-Arabiya Television - CGI featured in Cityscape Riyadh coverage (Dec 10, 2012) (In Arabic)

Executive Vice President of CGI, Mr. Nasser Nubani, delivered the opening remarks at the recent Cityscape event in Riyadh. Nasser's address, titled "Understanding the new SAMA Real Estate Regulations", focused on the recent release of draft regulations to support the Mortgage Law as well as some of the critical components of a functioning mortgage market including title registration and enforcement, regulations, credit reporting systems, valuation standards, and liquidity mechanisms in a functioning secondary market.

Al Arabiya's extended report on the event features Nasser and CGI's work and can be seen here.