Gabriella De La Torre of the CBRE Menat answered a lot during a weekly interview with the Zawya Markets. The topic of the discussion focused mainly on the new brand of technology currently sweeping the globe--e-commerce and its many benefits, particularly in reviving and improving technologies in the real estate industry.
E-commerce helps the industry through pushing the boundaries in shaping physical space and characteristics of the container. De La Torre said that there is a demand for these centers near the population, where the containers are created with different dimensions--taller ceiling heights, larger spaces, and better designs to accommodate newer technology.
The topic also covered how the Saudi Arabian government wanted to move into the logistics hub sector, with foreign investment and the establishment of a solid supply chain top on their list. The Arabian government had looked into taking key actions to create an environment of world-class competitiveness, ensuring that the export processes and special economic zones would be able to cover the demand.
The Saudi Arabian government earlier announced this year that it plans to spend $28 billion and allocate it towards creating a 'National Industrial Development and Logistics Program' that will oversee the effort of creating a modern industrial and logistics sector. With this, the government also plans to improve under the real estate implications of the move within the area.
The Middle-East is not the only area experiencing a modest surge in real estate advancement. In Indonesia, the rise of the economy--a rise in the income of the people--and better Internet access has led to a rise in online commerce shoppers. In the next three years, according to Entrepreneur, Indonesia will gain 44 million-online commerce shoppers at an estimated worth of around $55 billion to $65 billion.
With the number of people going online, Indonesia has also climbed into the role of 'world's fastest growing' e-commerce hub. The "PPRO High-Growth Market Reports of 2018" also lauded Indonesia for this occurrence, while taking into context the growth of the e-commerce market, currently at a value of $7.2 billion and expected to rise further.
The Arabian and Indonesian markets are currently taking the right steps towards advancing the real estate in their respective regions. With the future shifting towards tech, it's only fitting for the real estate sector in these places to shift as well and make their turn towards tech advancement.
