There’s expert potential in the areas of urban and city planning in the Middle East, pronounced the chief executive of Singapore-based urban and infrastructure consultancy Surbana Jurong on Thursday.
The Central East has been forward-looking when it comes to unusual property advances, Wong Heang Fine told CNBC’s “Capital Connection.”
“They are completely acceptable to great ideas. That’s why you look at the Middle East, there are a lot of giant iconic buildings, a lot of unusual type of developments … So the Middle East part ofs a tremendous market potential for us,” he said.
He added that the Middle East and South Asia precincts represent between 10 to 15 percent of his firm’s total take.
With technology advances, the usual ways that cities are drawing will also be transformed.
For instance, with driverless cars, there is less market demand for parking – freeing up more land. There are also co-working spaces to be based as more people make their living there, Wong rephrased.