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  • Novonor presents real estate and infrastructure markets at events in the Middle East

    DATE: 03/06/2024

    Published by: OEC Novonor

    The Novonor Group, represented by the president of OEC – Engenharia e Construção, Maurício Cruz, was invited by Lide to take part in two events in the Middle East. The first, the Brazil – Saudi Arabia Conference, took place between March 3 and 5 in Riyadh, the country’s capital. On that occasion, Cruz took part in the panel “Real State: a bilateral vision of real estate investments in the Saudi Arabia-Brazil trade corridor”, where he discussed investment opportunities in the Brazilian real estate market and presented the portfolio of projects carried out by OR over its 15 years of operation and more than 90 projects delivered.

    Maurício presented relevant data to potential investors, such as the number of sales in Brazil in 2023, which totaled 322,851 units, surpassing the number of launches, which was 293,013 units, a fact that can be attributed to the greater supply of credit and lower interest rates. He also talked about trends in the Brazilian market, with larger families looking for more space due to new needs, such as the home office, and single people looking for small apartments with low maintenance costs and the availability of facilities services. OR’s most recent deliveries and the projects being launched, such as Legacy, in Salvador, Baume and Inspira SP, both in São Paulo, deserved a special chapter.

    On March 7, in Dubai, the United Arab Emirates, Maurício spoke on the panel “Infrastructure: Brazil’s potential with the privatization of ports and airports and the UAE’s experience in infrastructure in this sector”. Maurício shared the space with other businesspeople, such as Miguel Setas, president of CCR, and Saeed Alzari, vice-president of DP World.

    In his presentation, Cruz provided data on the existing infrastructure investment gap in Brazil, a problem that brings vast opportunities. According to the Blue Book of Infrastructure, published by ABDIB with data for 2023, the country invested only R$41.4 billion in transportation and logistics last year, when what is needed just to maintain the existing condition would be R$242.4 billion, i.e. a gap of R$201 billion. Another point brought up in his presentation was the opportunity in Public-Private Partnership (PPP) and Concession projects, which should require investments of around R$149.5 billion by 2028.

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