Cityscape speaker urges better governance in GCC real estate

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Real estate companies in the GCC must increase transparency and improve human relations if they want to attract greater investment, according to a top official from the GCC Board Director’s Institute.

Dr Abdullah Alabdulgader, the Institute’s Founding Executive Director, was the headline speaker at Cityscape Abu Dhabi, the Middle East Real Estate Summit at the Abu Dhabi National Exhibition Centre over the weekend.

“The financial crisis that hit the markets a few years ago has made clear the growing significance of good corporate governance in capital markets as it plays a key role in achieving strong and sustainable growth,” regional media quoted Alabdulgader as saying.

“Good corporate governance has to be perceived as a big opportunity for the real estate sector to improve its public image and to become better managed. It can be a source of competitive advantage, and therefore play an important role with investors, lenders, and developers.

“Investors in the real estate sector are looking for transparency that goes beyond financial reporting and includes executive compensation, board member’s qualification. Numbers also show that investors are willing to pay a premium on shares of up to 40% for companies with highly regulated corporate governance strategies,” he added.

The Institute is an organisation that promotes good governance among companies in the GCC countries and offers assistance to entities that want to establish best practices among its top management.

Cityscape Abu Dhabi, the Middle East Real Estate Summit brought together the leading lights from the regional real estate industry, with 35 industry speakers who spoke about the challenges facing the sector in the GCC.

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Reading Time: 1 minute

Real estate companies in the GCC must increase transparency and improve human relations if they want to attract greater investment, according to a top official from the GCC Board Director’s Institute.

Reading Time: 1 minute

Real estate companies in the GCC must increase transparency and improve human relations if they want to attract greater investment, according to a top official from the GCC Board Director’s Institute.

Dr Abdullah Alabdulgader, the Institute’s Founding Executive Director, was the headline speaker at Cityscape Abu Dhabi, the Middle East Real Estate Summit at the Abu Dhabi National Exhibition Centre over the weekend.

“The financial crisis that hit the markets a few years ago has made clear the growing significance of good corporate governance in capital markets as it plays a key role in achieving strong and sustainable growth,” regional media quoted Alabdulgader as saying.

“Good corporate governance has to be perceived as a big opportunity for the real estate sector to improve its public image and to become better managed. It can be a source of competitive advantage, and therefore play an important role with investors, lenders, and developers.

“Investors in the real estate sector are looking for transparency that goes beyond financial reporting and includes executive compensation, board member’s qualification. Numbers also show that investors are willing to pay a premium on shares of up to 40% for companies with highly regulated corporate governance strategies,” he added.

The Institute is an organisation that promotes good governance among companies in the GCC countries and offers assistance to entities that want to establish best practices among its top management.

Cityscape Abu Dhabi, the Middle East Real Estate Summit brought together the leading lights from the regional real estate industry, with 35 industry speakers who spoke about the challenges facing the sector in the GCC.

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