15 Dec 2015
(MENAFN) GCC real estate markets increased, as Al Masah Capital announced a thriving GCC economy at USD 1.65tr in 2014 compared to USD 535.7bn a decade ago.
International real estate investment decreased last year at 6.3 percent to USD 1.21tr from USD 1.29tr in 2013, whereas the current fall in oil prices subdued GDP growth in the short term.
Accordingly, the GGC’s economy is estimated to reach USD 2tr by 2020, with Saudi Arabia contributing USD 902bn, trailed by the UAE USD 502bn, Qatar USD 269bn, and Kuwait USD 196bn.
Through the last five years, the GCC economy has increased at an average annual rate of 5 percent, against the world average growth rate of 2.8 percent.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more