Youssef Al Shelash
Saudi Arabia is planning to build more than 1.65m homes in different parts of the kingdom to meet demand from its growing population approaching 30m. Though its posted a decline in profit for the past three years in the wake of increasing competition, it is the kingdom’s biggest listed developer, uniquely positioned to benefit from the kingdom’s building boom.
And as chairman of the company, Youssef Al Shelash is very much in the driving seat.
“The latest developments in the Saudi market are likely to have a positive impact on the real estate industry in general,” he says.