Cityscape Global concluded in Saudi Arabia with more than $61bn of transactions as the Kingdom’s real estate market flourishes.
The world’s largest real estate exhibition concluded at the Riyadh Exhibition and Convention Centre, with local and international developers reporting sales of SR20bn ($5.4bn).
Organised under the theme “The Future of Living,” Cityscape Global 2024 ran for four days and was organised under the patronage of the Ministry of Municipalities and Housing.
Cityscape Global 2024 in Saudi Arabia
The closing ceremony was attended by Minister of Municipalities and Housing Majed Al Hogail and Tahaluf Chairman Faisal Al Khamisi, along with housing leaders, officials, and heads of organising committee.
In his closing remarks, Al Hogail highlighted the remarkable achievements at Cityscape Global, which reflect the continuous focus on developing the real estate sector and enhancing its appeal, noting that the volume of investments and agreements, besides the active participation from both local and international stakeholders, underscores the sector’s ongoing growth and aligns with the ministry’s strategic objectives within Saudi Vision 2030.
Al Khamisi expressed his satisfaction with the event’s achievements, noting that attendance and success had doubled thanks to the combined efforts of participating and organizing entities.
He said that the event attracted over 172,000 visitors and hosted more than 400 exhibitors, including some of the biggest local and global companies, with international participants making up 47 per cent.
About 550 speakers from more than 50 countries, comprising top experts and industry leaders, also contributed to the event.
In his speech at the closing ceremony, REGA Chief Executive Abdullah Al Hammad commended the organising teams for the event’s success in meeting the expectations of all target audiences, announcing that the total sales by local and international developers at the exhibition surpassed SR20bn ($5.4bn), while strategic agreements between various entities exceeded SR30bn ($8.2bn).
He also noted that the total value of real estate transactions at the Saudi exhibition exceeded SR230bn ($61.2bn).
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