RIYADH: ARAB NEWS
Published — Sunday 9 December 2012
Last update 9 December 2012 3:07 am
Following the huge success of previous Riyadh Urban Development and Real Estate event — Cityscape Riyadh, more than 40 exhibitors and 10,000 visitors are expected to participate in this year’s event, which will be opened today by Abdullah bin Saeed Al-Mubti, chairman of the Council of Saudi Chambers of Commerce and Industry.
Local, regional and international real estate investors, developers, architects, consultants, government officials and key decision makers involved in the planning, design and construction of public and private real estate developments will make use of this platform to network, share views and influence the future of the real estate sector in Saudi Arabia.
A key highlight of this year’s event is the Awards ceremony which is now in its fourth year. Previously held in Jeddah, tonight’s presentation ceremony will take place in the Kingdom’s capital in recognition of the huge demand from clients and associates. As the largest urban center of the region and home to the nation’s government agencies, the city of Riyadh provides the ideal venue to showcase the Kingdom’s ambitious growth plans to Cityscape’s global audience at the Cityscape Awards for Real Estate in Saudi Arabia.
Commenting on the importance of the relocation of the awards ceremony, Hussain Al-Harthy, managing director, National Exhibitions Company, said: “The significance of this year’s awards ceremony moving to Riyadh is proof of the continued success of the Riyadh Urban Development and Real Estate event - Cityscape Riyadh and the overwhelming local and international interest in the Saudi real estate sector, which is set for unprecedented growth.”
The three-day event opens today and will run until Dec. 11, 2012 at the Riyadh Exhibition Centre, King Fahad Road. Cityscape Riyadh 2012 comprises a unique mix of specialized activities including an exhibition, a three-day Real Estate Summit workshops, investor round tables, workshops, and the Cityscape Awards for Real Estate, which are designed to reward industry professionals and companies proven to have shown outstanding real estate development and architecture for both built and future projects in the Kingdom.
Saudi real estate professionals expect the three-day high powered event to provide the perfect environment to do business, engage in discussions and establish new partnerships. Further highlighting the significance of this year’s event, Al-Harthy added: “We are delighted that in addition to discussing the impact of the newly approved mortgage law as a key topic at this year’s Riyadh Urban Development and Real Estate event — Cityscape Riyadh. The three-day Real Estate Summit workshops will focus on both the residential market and the commercial market. Among many other outcomes, the event will provide valuable information on enhancing the local market to include more transparency, as well as formulating guidelines for launching effective marketing campaigns promoting increased home ownership.