Al-Falih: Real estate investment preserves the value of assets in light of global uncertainty
The Minister of Investment said, Khalid Al-Falih, today, Monday, that the real estate and construction sector currently represents about 13% of the Saudi gross domestic product, and is growing at rapid rates, and attracts large foreign investments, making it the cornerstone of the growth of the Kingdom’s economy.
Al-Falih explained during his participation in Real Estate Future Forum, held in Riyadh, stated that investing in real estate assets and infrastructure is a safe haven in a global environment characterized by uncertainty and uncertainty, indicating that real estate is less turbulent than Sharesand other investment tools, especially in light of the increase in debt and the decline in the real value of asset classes, which created a bubble in the stock market.
The Minister of Investment added: "When we talk to foreign investors in Davos, it is in such an environment that people turn to real estate capital"indicating that the real estate sector contributes about 5% to the global domestic product.
Al-Falih stressed that real estate is the safest store of value, as it provides a better hedge against inflation and maintains the actual value in the long term.
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