Cityscape Global witnesses $29.3 billion worth of real estate transactions in Saudi Arabia
The Cityscape Global exhibition in Riyadh, Saudi Arabia witnessed a remarkable $29.3 billion in investments.
The Cityscape Global exhibition in Riyadh, Saudi Arabia witnessed a remarkable $29.3 billion in investments.
This grand event took place at the Riyadh International Exhibition and Convention Centre in Riyadh, featuring 350 exhibitors, over 10,000 international investors, a roster of over 300 speakers, and drawing in more than 160,000 visitors. This extensive real estate gathering was orchestrated by Tahaluf, one of the subsidiaries of the Saudi Federation for Cyber Security, Programming & Drones (SAFCSP).
Victorstone x Cityscape Global 2023
Victorstone is truly delighted to have been a part of Cityscape Global 2023, an event that showcased cutting-edge developments and opportunities in the global real estate industry. As a prominent player in the real estate sector, our participation in this prestigious exhibition allowed us to connect with a diverse range of stakeholders, from fellow industry leaders to prospective investors and homebuyers.
It was a platform where we could showcase our latest projects, innovative approaches, and commitment to delivering exceptional real estate solutions.
Being a part of Cityscape Global 2023 not only reinforced our presence on the international stage but also provided us with valuable insights and collaborations that will shape the future of our real estate endeavours. We look forward to continuing our journey of excellence and innovation in the dynamic world of real estate.
Cityscape Global outlook
Faisal Al Khamissi, the Chairman of SAFCSP's board of directors, underscored the immediate repercussions of the exhibition, revealing that more than 3,800 housing units had been reserved through the National Housing Company (NHC), representing a total value of SR3.8 billion ($1 billion).
He also pointed out the secondary economic impact on Riyadh, encompassing hospitality services, aviation, and hotels, which exceeded SR94.5 million ($25 million). Al Khamissi mentioned that registration requests for the next year have already surpassed four times the current year's registrations, indicating strong interest and demand.
Furthermore, he confirmed Tahaluf's unwavering commitment to attracting global events like the Cityscape Global Exhibition along with the introduction of new Saudi brands such as LEAP and five other upcoming events scheduled within the next two years.
He also expressed his appreciation to the Ministry of Municipal and Rural Affairs and Housing, represented by Minister Majid bin Abdullah Al-Hogail and Vice Minister Eng. Abdullah bin Mohammed Al-Budair.
The Cityscape Global Exhibition stands as the world's largest real-estate exhibition, and the Kingdom's edition of it was nothing short of exceptional.
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