Standard & Poor's, a global credit rating agency, revealed that real estate companies in the Gulf have a relatively stable credit quality that exceeds their rating levels in 2019 after fluctuations for a few years in which most companies witnessed credit rating downgrades and recovery and restoration of credit conditions, supported by economic stability, population growth, and oil prices.
According to Standard & Poor's, the impact of high-interest rates in Saudi Arabia and the increase in prices caused a decline in real estate transactions in 2023, but demand is expected to remain strong and supported by “Vision 2030” investments, which will attract new companies and foreign workers to the country.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
