Real estate to account for USD 250 billion of planned projects for the region from 2010 to 2013

Real estate to account for USD 250 billion of planned projects for the region from 2010 to 2013

Shaikhani Developments aims to leverage stability of the region’s real estate market

March 30, 2010

The real estate industry is expected to account USD 250 billion of the planned projects, or more than one-third across all sectors in the region from 2010 to 2013, which collectively amounts to USD 717 billion, according to latest market statistics. The past several years have also witnessed the majority of GCC investments directed towards the real estate segment, while data on future planned projects sourced from MEED Projects show that the growth trend will continue in the coming years. In line with positive projections on the market, Shaikhani Developments, the development, construction and project management arm of the Shaikhani Group, has announced its aims to leverage the stability of the region’s real estate industry and establish a leading position in the construction sector.

In addition to the real estate sector, the region is also witnessing productivity in other industries, with the construction of a considerable number of hospitals, roads, railways, and airports in full swing across the GCC. Accordingly, Shaikhani Developments is also looking at extending its expertise to the infrastructure sector, where it can leverage its experience in building a wide variety of projects, from high-rise structures to mixed-use developments.

“Amidst the positive projections on the regional real estate scenario, we at Shaikhani Developments have aligned all our efforts with our strategy to create and maintain dedicated partnerships with clients by attentively monitoring all processes from start to finish, thereby ensuring maximum level of quality and client satisfaction,” said Rizwan Shaikhani, Managing Director, Shaikhani Developments. “Furthermore, we are also setting our sights on the burgeoning infrastructure sector, with recent reports indicating that infrastructure projects in the GCC will reach USD 205 billion by 2013. Looking ahead, we are planning to undertake a major expansion plan across the region’s most potential-laden markets, including Saudi Arabia, where USD 105 billion in infrastructure investments is set to rise within the next three years.”

Shaikhani Developments leverages the Shaikhani Group’s extensive experience in delivering high quality projects across the globe, which spans over three decades. Merging the latest technologies in construction with industry best standards in environmental-friendliness, health and safety, Shaikhani Developments employs a team of expert engineers, technical staff and office personnel, who are committed to building properties of the highest standards. The company’s services portfolio includes services within real estate development, construction and project management, including residential, commercial, and mixed-use projects within the UAE.

“Our focus will be to provide high quality work on schedule and within budget, and we intend to do this by employing techniques and operational processes that evolve and sufficiently address the demands of the market. At present, we are primarily targeting Dubai due to its sizeable construction activities both on-going and planned, and we are currently in discussion with several potential clients in the emirate. We are also looking forward to collaborating with government agencies, which will play an important role in the infrastructural development in the UAE and across the region,” concluded Shaikhani.

About Shaikhani Developments:
Comprised by a powerhouse team of dynamic innovators, Shaikhani Developments is focused on providing landmark property developments and affordable, groundbreaking investment options for its clients. With a polished approach to delivering high return investments with low risk, the property development arm of the Shaikhani Group leverages thirty years of industry expertise of its parent company. Shaikhani Developments offers a range of services within real estate development, construction and project management, including residential, commercial, and mixed use projects within the UAE. Guided by its philosophy – ‘Envisioning Opportunities’ – the ISO-certified company maintains the highest global standards for quality and environmental management to provide premium quality properties and an elite level of customer service to contribute to the growth of its clients’ assets.