Argaam Weekend | System Gaps

The Financier We Don't See

26^thSeptember 2026

● “The Average” No Longer Describes the Gulf Property Market

Topics of the Week

“The Average” No Longer Describes the Gulf Property Market

There is a habit in how this region's property market gets discussed, and it is so settled that it rarely registers as a choice at all. We say the Gulf housing market. Analysts publish regional averages.

A Financial Anatomy of the Construction Sector: The Balance Sheet Structure Across Saudi Construction Value Chain

This study examines 69 construction-related companies operating in Saudi Arabia — 6 developers, 33 contractors, 15 cement producers, 9 steel and pipe manufacturers and 6 building materials firms — drawn from 37 Tadawul-listed companies and 32 private firms filing audited accounts. It finds a sector split down one line: who owns the assets and who only borrows them.

Why Construction Costs Defy the Wage Advantage in Saudi Arabia

"Riyadh and Paris have little in common. One is a capital city reinventing itself at breakneck speed. The other is a centuries-old city where planning permission for a rooftop terrace takes six months. Yet it costs almost exactly the same to put up a building in either place: $3,112 per square metre in Riyadh against $3,153 in Paris. Singapore ($3,104) and Brisbane ($3,135) sit in the same bracket."

Saudi Arabia: A Solar Powerhouse for Europe

By positioning itself as a solar and green energy powerhouse, Saudi Arabia can provide Europe with cost-effective, clean energy solutions, strengthening energy security while supporting the continent's efforts toward sustainable energy transitions.