RIYADH: Saudi Arabia is expected to witness a boom in the housing sector, with the government announcing projects worth over SR65 billion ($17.3 billion) on the opening day of the Cityscape Global exhibition at Riyadh’s Exhibition and Convention Center.
This four-day event, themed “The Future of Living,” is being led by Majid Al-Hogail, the minister of municipal and rural affairs and housing, the Saudi Press Agency reported.
It has drawn participants from over 170 nations and 350 exhibitors from 21 countries, all looking to explore investment opportunities in the Saudi real estate sector.
During the exhibition, more than 250 international and local speakers will share their
views and experiences.
The event will feature projects related to Saudi Vision 2030 and host panel discussions on urban transformations, real estate opportunities, and innovations in architecture, design, and city planning.
Moreover, the exhibition will include major developments shaping the Kingdom’s real estate, attracting thousands of potential buyers, sector experts, and over 2,000 investors.Speaking on the occasion, Al-Hogail pointed out that Saudi Arabia is witnessing rapid urban growth that has surpassed the whole world.
Highlighting the projects under construction in Saudi Arabia, the minister said that a big dream will soon come true in NEOM, adding that the population of The Line will be 9 million by 2045. Source: Arab News
