SIC set to impress at Saudi Restatex Exhibition

The SIC, one of the most significant mega projects in Sharjah to date, has received overwhelming responses from across the GCC, promising excellent returns for investors as well as long-term business opportunities.

Mr. Saleh Nasser Al Sorayai, Chairman of SNASCO and of the SIC, said of the firm’s participation in the exhibition, “As a Saudi operation, we were particularly keen to come to this exhibition, which offers us a host of opportunities not only in terms of marketing our projects but also keeping abreast of the latest developments on our home turf. Saudi Arabia offers a very exciting market at this time, and we are keen to explore the opportunities therein.”

Studies show that the Saudi real estate market has much to offer, with an estimated investment of SR300bn, making it the second largest real estate market in the world. Economic expansion in the Kingdom has increased the need for accommodation, which has a population of 27 million to cater for. Meanwhile, government incentives and privileges for investors continue to attract investors to the Saudi real estate market, sustaining the Kingdom’s property boom.

“There is a great deal happening in the Saudi market at the moment, and SNASCO is keeping an eye on the latest developments. We have much to offer Saudi investors in terms of opportunities in the SIC, and we remain open to interesting proposals in the broader Gulf market, including Saudi Arabia,” Al Sorayai said.