Real estate firms in the Gulf region look for record sales to Saudi investors who are abandoning crashing regional stock markets.
According to Reuters, many local and foreign firms are presenting SR14 billion ($3.73 billion) worth of projects in Saudi Arabia and other regional countries at a real estate fair held in the capital Riyadh this week. The Saudi financial market, the largest in the Arab world, has lost $380 billion or about half its value in recent months.
