KEY POINTS:
Saudi investors have committed $200 million to invest in New Zealand real estate.
Fahad Sa'ad & Partners is a family group that has a background in insurance and logistics, with the bulk of its investments in the Middle East.
After expanding into Europe they are now making moves into New Zealand. They have chosen to invest in New Zealand real estate as a strategy of diverging into different markets.
"In addition to potentially acquiring further projects in the next few months, the group are currently performing due diligence on identified projects in New Zealand," said a spokesman.
"As the group is based overseas, the emphasis has been placed on acquiring projects on a turn-key basis with local development companies."
Fahad Sa'ad & Partners are the latest to see the country as a place to provide good returns on property investment.
Despite the rise in interest rates and signs that the property boom could soon level off and fall back into line with the markets, foreign investors continue to have an optimistic view of this country.
Representatives of Fahad Sa'ad & Partners visited New Zealand in January.
Since then they have recommended to the board a portfolio of investment and development projects.
Those projects include commercial buildings and residential waterfront developments in Auckland and Queenstown, though the bulk of the investment will be in Auckland, where they will focus on office space.
In Queenstown they have singled out residential property with a view to looking at commercial property for future investment.
The lack of volatility in real estate and a stable political and economic environment are seen by many as making the country a safe haven for investment.
