JEDDAH: Saudi Arabia’s real estate sector is witnessing strong growth, driven by government-led projects, new regulations, and shifting demographics, experts said at the 19th Real Estate Development Summit in Jeddah.
The two-day event opened on Nov. 12 at the Ritz-Carlton, bringing together industry leaders, innovators, and executives for discussions, networking, and business-to-business meetings featuring over 40 speakers.
Rooted in Saudi Vision 2030, the summit highlighted the sector’s transformation through sustainability, technology, and human-centric design. Sessions covered emerging trends such as biotech cities, advanced HVAC systems, and evolving definitions of luxury.
Speaking to Arab News, Essam Ahmad Kalthoum, CEO of Asmou Development Co., discussed opportunities emerging from strong demographic trends, regulatory reforms, and Vision 2030-led transformation.
“We are firm believers in the potential of the Saudi market, of course led by the vision of His Highness Prince Mohammed bin Salman,” he said, adding that major reforms and financial restructuring are helping turn Vision 2030 into reality.
