Harris and Trump make final push in must-win Pennsylvania    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Elon Musk can keep giving $1m to voters, judge rules    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Tourism Development Fund launches "Tourism Empowerment" programs to enhance sustainable growth of SMEs    Saudi crown prince, Tunisian president review bilateral relations in phone call    SFDA Chief visits premier biotechnology and medical firms in China    Al-Khereiji: Collective action in combating terrorism is a must for achieving stability and prosperity    Saudi Awwal Bank becomes the Kingdom's first bank obtaining ISO certification for quality management system in operations    10 cooperation agreements signed during Saudi-Turkish Business Forum in Istanbul    Saudi Arabia's non-oil revenues grow 6% in 9 months while Q3 budget posts SR30 billion deficit    Quincy Jones, titan of US music, dies aged 91    Enhancing zakat, tax, and customs compliance takes center stage at the Zakat, Tax, and Customs Conference 2024    Neymar expected to join Al Hilal squad for AFC clash against Esteghlal, says coach Jesus    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Arabia's real estate to remain strong
Published in The Saudi Gazette on 15 - 03 - 2009

In spite of international markets reeling from the financial crisis, development and investment in Saudi Arabia's real estate sector is expected to remain strong, Mena Report quotes one of the Kingdom's leading business figures as saying.
Dr. Abdullah M. Bin Mahfouz, Vice Chairman of the Jeddah Chamber of Commerce and Industry, was speaking as he welcomed the latest addition of the internationally recognised real estate development event brand – Cityscape – to Saudi Arabia.
Cityscape Saudi Arabia, a networking exhibition and conference focusing on all aspects of the real estate development cycle, will take place from June 14-16 at the Jeddah Center for Forums and Events under the patronage of Prince Misha'l Bin Majed, the Governor of Jeddah.
“Cityscape is a world renowned brand in the field of real estate events with Cityscape Dubai and Cityscape Abu Dhabi becoming two of the most important business events on the Middle East calendar,” said Dr. Abdullah.
“I am very pleased that the inaugural Cityscape Saudi Arabia event will take place in Jeddah at a time when, although international financial markets are reeling, development and investment in the kingdom's real estate sector is still strong.
“Cityscape Saudi Arabia is an essential component of the ongoing growth of Saudi Arabia as it is the biggest name in real estate event organising now taking place in the largest economy in the Middle East. Therefore, I am optimistic about the impact that Cityscape will leave on Jeddah City, as well as on real estate investment for years to come.”
Deep Marwaha, Event Director of Cityscape Saudi Arabia, added: “We are delighted to be launching the first Cityscape Saudi Arabia at this time as, in these difficult days for the international property and real estate industry, Saudi Arabia continues to have pent-up demand combined with strong fundamentals.
“A recent report from real estate experts Jones Lang LaSalle - who will be exhibiting at Cityscape Saudi Arabia - pointed out that Saudi Arabia has a large domestic economy and is less dependent on global flows of capital and labour. There are also many opportunities for investors, developers and occupiers with a recent snap poll finding that Saudi Arabia is expected by the construction industry to take center stage in the coming period.”
Cityscape Saudi Arabia is aimed at regional and international investors, real estate developers, government and development authorities, architects, designers, consultants and senior professionals involved in the real estate industry. It will also be an arena for Saudi real estate stakeholders to showcase their projects and services, network with key investors and developers from around the world and participate in discussions with industry leaders.
“The event will also provide a platform for international real estate developers to engage with key Saudi Arabian investors,” Marwaha added. “There are still high levels of liquidity in the Kingdom and, given the current global economic climate, the Kingdom's investors are arguably the most significant in the world.”
Marwaha said more than 100 companies are expected to exhibit at Cityscape Saudi Arabia over 10,000 square meters of floor space, attracting over 5,000 participants, making it the kingdom's premier real estate investment and development event.


Clic here to read the story from its source.