00:00OK, that's really interesting. Clearly, lots of new supply in the commercial space, especially in big cities.
00:06Is that catching up with a matching demand, would you say?
00:10At the moment, when it comes to office space specifically, the answer is not.
00:16It's not catching up yet because there are several factors.
00:20One, the supply is coming slower than anticipated.
00:24And number two, the demand is increasing significantly internally from the kingdom when it comes to government and local companies and also the regional headquarters and new international companies.
00:39So there is a much higher pace in demand and a bit lower pace of supply.
