RIYADH: Saudi Arabia’s real estate sector continued to demonstrate strong momentum at Cityscape Global 2025, with the Riyadh exhibition generating a number of new deals and partnerships across the industry.
Held under the theme “The Future of Urban Living,” the event is sponsored by the Ministry of Municipalities and Housing in partnership with the Real Estate General Authority, Vision 2030 and the Housing Program.
The event kicked off on Nov. 17 with several major announcements, as Majid Al-Hogail, Saudi Arabia’s minister of municipal and rural affairs and housing, said real estate agreements had exceeded SR161.2 billion ($42.3 billion), reflecting the sustained expansion of the Kingdom’s property market.
Building a robust real estate infrastructure is a key objective of Saudi Arabia’s Vision 2030 economic diversification program, as the Kingdom continues to strengthen its position as a regional hub for business and tourism.
The Real Estate General Authority projects the market to reach $101.62 billion by 2029, with an expected compound annual growth rate of 8 percent from 2024.
