Minister Majed Al-Hogail Highlights Kingdom’s Growing Role as a Global Real Estate Hub
Minister of Municipalities and Housing and Chairman of the Real Estate General Authority Majed Al-Hogail sponsored the closing ceremony of the four-day Cityscape Global exhibition in Malham, Riyadh, where real estate transactions exceeded SAR237 billion with the participation of major local and international companies.
This year’s edition saw a record attendance of 577 exhibitors, including 265 international participants representing leading global companies in real estate development, urban planning, modern construction, and sustainability solutions, reflecting the Kingdom’s growing position as a global hub for future real estate investment.
Al-Hogail affirmed that the exhibition’s results indicate the strength of the Saudi real estate sector and the development of its investment environment. He emphasized that the SAR237 billion in transactions underscores the sector’s reliability and attractiveness and the Kingdom’s progress in developing its real estate landscape and cities. He noted that this achievement is a testament to the integrated efforts between government entities and the private sector and highlights the promising opportunities available to both domestic and international investors.
He underlined the wide variety of products showcased this year, ranging from residential and commercial real estate development projects to advanced digital solutions from proptech startups, including asset management and urban planning, as well as innovations in modern construction technologies.
The minister concluded that Cityscape reinforces the Kingdom’s position in shaping the cities of the future, noting that the partnerships established at the exhibition further enhance its growing role in developing a more competitive and sustainable real estate sector.
