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Riyadh offers mall investment
- Saudi Arabia: Wednesday, October 17 - 2007 at 09:28
Investing in shopping malls in Riyadh should prove profitable for some time to come according to a study by Colliers International and cited by Reuters. Rent prices in top-end malls have spiked by 20% since 2005 and the development of malls and mixed use projects with a retail component has increased. The gross leasable area in the Saudi capital should hit 2.5m sqft by the end of this year.
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Jonathan Sheikh-Miller, Deputy EditorWednesday, October 17 - 2007 at 09:28 UAE local time (GMT+4)
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