Thursday, July 24 - 2008

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.

Jonathan Sheikh-Miller Jonathan Sheikh-Miller, Deputy Editor
Wednesday, October 17 - 2007 at 09:28 UAE local time (GMT+4)

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