RIYADH: Cityscape Global continued its momentum on the third day of the exhibition in Riyadh, with multiple agreements signed to advance urban development and improve quality of life across Saudi Arabia.
The four-day event, which opened on Nov. 17, has already seen real estate agreements surpass SR161.2 billion ($42.3 billion), underscoring the rapid growth of the property market in the Kingdom.
Developing a strong real estate infrastructure is central to the Kingdom’s efforts to position itself as a business and tourism hub while reducing reliance on crude revenues.
Localizing jobs
During the event, the Ministry of Municipalities and Housing signed a memorandum of understanding with Al-Othaim Investment Co. to increase the participation of Saudi youth in the labor market, the Saudi Press Agency reported.
