Officials from the Real Estate Developers Chamber at the Federation of Industries called for adopting a package of legislative and investment incentives aimed at reducing land costs and extending payment terms to ease financial burdens on small developers.
They stated that rising land prices and financing costs pose major challenges to the expansion of small and medium-sized firms, limiting their competitiveness and participation in national projects.
Chamber officials highlighted the importance of digital transformation and market regulation as key tools to enhance operational efficiency and ensure fairness, alongside building an integrated digital infrastructure in the coming period.
Several developers also stressed the need for low-interest financing initiatives and activating mortgage financing for under-construction units to support increased private sector investment.
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