Prince Misha'l Bin Majed Bin Abdul Aziz, the Governor of Jeddah, inaugurated on Monday at the Jeddah Center for Forums and Events the three-day Cityscape Jeddah 2010 - the largest real estate investment and development event in Saudi Arabia. More than 100 local and regional property investors, developers and service providers showcase their products and services in a 10,000 sqm of prime exhibition space. The exhibition will also feature the annual Saudi Arabia Real Estate Investment and Development Conference under the theme “Transparency, Investment Models and Future Partnerships.” Over 40 CEO-level speakers will talk about key industry issues and trends while more than 200 senior-level delegates will participate in 12 special panel sessions during the event. There is a huge demand for residential units as well as commercial buildings in Jeddah as population increases. According to Jeddah strategic plan, around 953,000 units will be needed in Jeddah until 2029 or more than 47,500 units each year for the next 20 years. The 2nd Cityscape Awards for Real Estate in Saudi Arabia was also held on Monday to recognize the highest achievements in the Saudi property sector and reward those companies that have excelled within their field. Cityscape Jeddah 2010 complements a 20-year local re-development program covering the central and historic districts of Jeddah, the second largest city in Saudi Arabia and the ‘Gateway City' to the holy cities. The inaugural show in 2009 welcomed over 80 exhibiting companies from 40 countries and received more than 8,900 international and regional visitors. – SG Cityscape Jeddah's 2010 program includes the annual Saudi Arabia Real Estate Investment and Development Conference, which will be held under the theme ‘Transparency, Investment Models and Future Partnerships' at Jeddah Hilton . Over than 40 official CEO speakers will participate in the forum which will discuss the key industry issues and trends while more than 200 senior-level delegates will participate in 12 special panel sessions during the event. “There is a very positive outlook for Saudi real estate this year given the country's strong economy, growing demand for residential housing, and huge government funding for key infrastructure developments. Cityscape Jeddah 2010 will gather all property development and investment opportunities across the country under one roof, within a city that is being re-developed to maintain its status as a commercial and cultural hub, to maximize on the country's resilient real estate market,” said Deep Marwaha, director of Cityscape Jeddah.The 2nd Cityscape Awards for Real Estate in Saudi Arabia took place yesterday to recognize the highest achievements in the Saudi property sector and reward those companies that have excelled within their field. Deep Marwah , Director of cityscape 2010 jeddah said that the holding of this exhibition will have a positive outlook for saudi real estate as the economy of KSA is doing fine these days . “ the growing demand for residential housing, and huge government funding for key infrastructure developments is one of the main reason to hold this exhibition “ , he said..“property development and investment opportunities across the country under one roof, within a city that is being re-developed to maintain its status as a commercial and cultural hub, to maximize on the country's resilient real estate market,” added Deep Marwaha, Director of Cityscape JeddahMeanwhile, Cityscape Jeddah 2010's sponsors include Sumou Real Estate (Principal Sponsor), Knowledge Economic City (Silver Sponsor), Shuaa Capital (Conference Investment Sponsor) and Laticrete (Awards Sponsor. __
