Mindblown: a blog about philosophy.
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Scaling Back Ambitions:
Navigating The Line’s EvolutionAmidst economic constraints and tepid investor sentiments, Kingdom of Saudi Arabia grapples with the recalibration of its ambitious NEOM project, particularly The Line. Initially planned as a 170-kilometer marvel along the Red Sea coast, projections now suggest only 2.4 kilometers will be realized by 2030. The downsizing of this flagship initiative underscores the complexities of…
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Taking Cues From China’s Real Estate Crisis: A Cautionary Tale for Kingdom of Saudi Arabia
Feb 2024 Kingdom of Saudi Arabia’s real estate industry is thriving, fueled by Vision 2030 and transformative GIGA projects such as NEOM. The government aims to further accelerate this growth by increasing homeownership to 70% by 2030, up from the 47% in 2016. China underwent a comparable period of growth characterized by a housing…
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Launching our New Office: A Space for Creativity and Collaboration
In April 2023, we reached a significant milestone by moving into our newly launched office space. The space is designed to inspire, foster collaboration, and spark innovation. Growth Milestone: From Two to Over 100 Employees Preferred Square started its operations with a humble team of two working from a coworking space. Today, we take pride…
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Our 4 Guiding Principles: Pillars of our Success
At Preferred Square, our goal is to enable informed decision making, while upholding the highest standards of service. To ensure that we are continually moving in the right direction, we’ve carefully crafted guiding principles that act as a compass for navigating challenges, cornerstone for building a thriving culture, and framework for decision-making. In a world…
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Technology transforming Real Estate Industry
The introduction of cutting-edge technologies in real estate promises to change the way business forever is conducted in this age-old industry. In some respects, the adoption in real estate has lagged behind its use as compared to the other business sectors partially due to a reluctance to change methods that had worked well in the…
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Global Displacement Even amid a pandemic, more than 40 million people fled their homes:
Conflicts and natural disasters forced someone to flee within their own country every second of last year, pushing the number of people living in internal displacement to a record high. This came despite strict restrictions on movement imposed around the globe in efforts to halt the spread of COVID-19, which observers had expected to push…
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Kingdom of Saudi Arabia announced the launch of OXAGON – World’s largest Floating Industrial Complex
Under the NEOM project of Public Investment Fund (PIF), Oxagon with a 48 sqm development area, is strategically located in northwest Saudi Arabia, situated on the Red Sea near the Suez Canal. Approximately 13 per cent of global trade passes through the Red Sea, and it is positioned to be one of the world’s most…
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Global sustainable fund assets hit a record $3.9 Trillion in Q3
Global sustainable mutual fund assets hit a record high at the end of the third quarter, bolstered by new disclosure rules in Europe, although the pace of net inflows slowed from the prior quarter.Funds focussed on environmental, social and governance (ESG) related issues saw their combined assets climb to $3.9 Trillion. The number of sustainable…
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Climate technology start-up companies have raised a record $32 billion in 2021
That level represents 4.9 times more investment compared to 2016 when the Paris Agreement was signed, as per Dealroom.co, Amsterdam-based global data provider on venture capital, and London & Partners, a U.K-based promotional company. Europe has been the frontrunner, pacing ahead of all the others, with investment in climate tech growing 7 times from 2016-2021. Only…
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Kingdom of Saudi Arabia’s Vow To Reduce Carbon Footprint -The kingdom has pledged to reach net-zero by 2060
With the worries for environmental sustainability right around the corner, the Kingdom has laid out a word amidst the world chaos that aims to reduce carbon footprints, lead towards a sustainable future; and targets to reach the “net zero” club of nations by 2050. The Kingdom aims to reach “net-zero” greenhouse gas emissions by 2060,…
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