Saudi luring top design firms amid Dubai woes
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Architects and engineers are descending on Saudi Arabia, seeking shelter from the busted real estate bubble in Dubai and lured by the resilient construction market in the oil-rich kingdom. Saudi Arabia needs to “supply 1,000 residential units a day for at least the next five years, and we need strong firms to deliver,” said Fahad al-Said, the chief executive of the Riyadh-listed Saudi Real Estate Co, better known as Al Akaria.
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Wednesday 30 December, 2009 02:30 PM |