Saudi’s booming entertainment sector will give developers in Jeddah more opportunities to invest in diversified markets, a new report has found.
According to JLL’s Q2 2018 Jeddah Real Estate Market report, the expansion of Jeddah’s entertainment sector and cultural offerings bodes well for several sectors in the kingdom in the long-term, bringing long-term growth to the city’s hotel, residential, and retail industries.
The hotel sector is already seeing a series of cultural, leisure and entertainment initiatives being introduced in Jeddah’s real estate market, which includes the Jeddah Opera House.
These projects are aimed at diversifying Jeddah’s visitor base, which is expected to see a growing mix of corporate, leisure, local and gradually international visitors, creating further demand for hotels in the market, the report added. Read More...