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Saudi real estate market poised for strong growth

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"The US-based Blumberg Capital Partners, which provides a full range of real estate investment management services, is exploring opportunities in Saudi Arabia and some of the GCC (Gulf Cooperation Council) countries to develop strategic relationships in investments. The Saudi real estate market, unlike many around the world, is poised for strong growth, Philip F. Blumberg, founder and chief executive officer of Blumberg Capital Partners, said. Saudi Arabia was the only country in the region which was least affected by the global crisis because of its solid policies and strong economic fundamentals, Blumberg said in an exclusive interview to Arab News. The Saudi real estate market is heading for strong growth. And this is not just a possibility; it is happening, he said."
SOURCE:   Zawya