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Views on the Saudi Market by Jason Addison

Saudi Arabia has seen a wave of transformation since the introduction of Saudi Vision 2030, which has been strongly followed by the kingdom’s construction sector, leading to the advent of multi-million and multi-billion dollar Mega and Giga projects.

Jason is a real estate developer with extensive experience and has worked as the Chief of Strategy & Partnerships at the Events Investment Fund supporting its establishment and responsible for overseeing large scale real estate developments and structuring strategic public and private sector partnerships in Saudi Arabia.

He has been a part of major projects in the Kingdom and is sharing his view on Saudi’s Real Estate market and the scope for new companies to enter the market.

1. Can you tell us about your work with SIGMAC?

I am the CEO of SIGMAC, the real estate development arm of the Al Ghazzawi Group. We have a sizeable land bank across KSA and are mandated to build an institutional grade portfolio of income producing assets. We have several in the development pipeline designed by BENOY, DEWAN and other global firms.

2. Saudi is striving to build one of the world’s largest economies. Do you think it is achievable?

Saudi is already a member of the G20, and it will continue to advance in the future with its economic standing.

3. What is the scope for new and innovative solution providers in the Saudi market?

Saudi is adopting the latest technologies for alternative energy sourcing, such as hydrogen power, solar and nuclear. As a major shareholder in LUCID EV, we are building an EV Manufacturing Facility. Our new mega and giga cities are all LEED and or sustainable developments and designed with the most innovative solutions. We are leapfrogging over most industrialised countries to be a technology driven economic driving force.

4. Tell us your experience attending our previous summits in Dubai & Spain.

These two summits were excellent networking events and venues that shared tremendous information on the status of real estate development projects in Saudi Arabia.

5. What are your expectations from our upcoming RED Summit – Saudi Arabia?

Bringing the summit to Saudi is brilliant in that you will have to turn people away. The demand will be huge as real estate is the true buzz word for Saudi with expanding housing, hospitality, and entertainment offerings.

Meet Jason Addison, the CEO of SIGMAC, the Advisory Board Member for Real Estate Development Summit – Saudi Arabia taking place on 2nd – 3rd November in Voco Riyadh, Saudi Arabia.

Ravi K Chandran

Founder, CEO

Arthur Adeya is an Architect by profession with over a decade’s experience in Architecture and over 6 years’ experience in Master Planning and Landscape Architecture.

Prior to joining Athena Properties Limited as a Director for design and planning, Arthur was a Principal Partner at Lexicon + ion In charge of Master Planning, Landscape Architecture and Urban Design working with external teams to ensure projects.
He previously worked in the USA with The HOK Planning Group in Washington DC and EDSA Inc. The HOK Planning Group in Washington DC and EDSA The HOK Planning Group in Wash

Prior to joining Athena Properties Limited as a Director for design and planning, Arthur was a Principal Partner at Lexicon + ion In charge of Master Planning, Landscape Architecture and Urban Design working with external teams to ensure projects.

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