Vince Molinari is joined by Abdullah Tariq Alkasabi, a board member of the Liwan Real Estate Development Corporation and the CEO of RZM Investments, to discuss the evolving landscape of real estate and venture capital in Saudi Arabia, particularly in light of the country’s Vision 2030 initiative.
Abdullah explains that Liwan is focused on building comprehensive communities rather than just individual buildings or small complexes. This shift reflects a broader trend in Saudi Arabia’s real estate market, moving towards larger developments that include essential amenities like parks, gyms, and retail spaces, enhancing the overall quality of life for residents.
They discuss the increasing interest from foreign investors in Saudi real estate, highlighting the demand from various stakeholders, including funds, family businesses, and individuals. Abdullah emphasizes the significant opportunities available in the market, especially for those looking to invest early.
Discover the role of technology in real estate, including PropTech and FinTech. Abdullah notes that regulatory bodies in Saudi Arabia are supportive of innovation, providing a conducive environment for startups and new technologies. This includes the potential for tokenization in real estate projects, which could revolutionize how properties are bought and sold.
The duo also touch on how Vision 2030 is intertwined with real estate development, focusing on improving the quality of life through better urban planning and regulation. Abdullah highlights the advancements in digital tools that allow potential buyers to explore properties remotely, making the process more accessible and efficient.