JEDDAH: Cityscape Saudi Arabia will take place at the JCCI's Jeddah Center for Forums and Events from June 14-16, according to Abdullah Bin Mahfouz, member of the board of directors of the Jeddah Chamber of Commerce and Industry (JCCI).
The occasion will also mark two-day Real Estate Investment and Development Conference from June 14. The Cityscape event will support continued real estate growth by providing a platform that will highlight investment opportunities, showcase innovative products and underline sustainable developments.
The event assumes importance in the context of the fact that at least 10 major new city and real estate projects are underway. They include King Abdullah Economic City ($93 billion), Prince Abdulaziz bin Mousaed Economic City ($53 billion), Jizan Economic City ($30 billion), Jeddah Project Mile High Tower ($10 billion), Shamieh Project ($9.3 billion), Madinah Knowledge Economic City ($7 billion), Al-Zahira City ($4 billion), Jabal Omar ($3.3 billion), Injaz ($3 billion) and Riyadh Marriland Leisure Park ($3 billion).
"The Saudi real estate market with a 13 percent share in the GNP, is the second largest industry in the Kingdom after oil," said Bin Mahfouz, who is also chairman of the Jeddah Center for Forums and Events.
The choice of the Kingdom as the venue of the exhibition underscores the importance of the industry, which has lately been attracting huge investments, he said.