RIYADH: The 2025 edition of the Cityscape Global exhibition, which opened in Riyadh on Nov. 17, has emerged as a platform for multiple high-value project deals and announcements in the real estate sector.
On the opening day, Majid Al-Hogail, Saudi Arabia’s minister of municipal and rural affairs and housing, announced real estate agreements and deals exceeding SR161.2 billion ($42.3 billion), reflecting the continued expansion of the Kingdom’s property market.
Strengthening the real estate sector is a central pillar of Saudi Arabia’s Vision 2030 strategy, as the Kingdom accelerates efforts to diversify the economy and reduce reliance on crude revenues.
The Real Estate General Authority expects the domestic market to reach $101.62 billion by 2029, with an anticipated compound annual growth rate of 8 percent from 2024.
The latest edition of Cityscape Global also saw multiple agreements signed by leading property players.
