Top-class Saudi realty projects on show

Injaz Development Co., a leading real estate developer in the Kingdom, will highlight some of the country’s strategic property segments at a major exhibition in Riyadh next week.
Its key projects such as its Al-Gamra and Al-Marina developments will be the focus of the event.
Riyadh Exhibition for Real Estate and Architecture Development (Restatex 2013) will take place from Sunday (28) to May 1 at the Riyadh International Convention Center.
Injaz is also a golden sponsor of the show.
Al-Gamra is an integrated development project that offers ready-to-occupy plots for residential and commercial buildings and malls with a 2.6 million sqm complex at the heart of the New Riyadh.
It is specifically designed to complement the growing investment and housing needs of Northern Riyadh.
Al-Marina, on the other hand, is a 3.3 million sq m development on the Alkhobar-Dammam coastal corridor, which will emerge as a major waterfront landmark in the Eastern Province and is touted as one of the country’s most sophisticated multi-use real estate projects.
“While there is no doubt that Saudi Arabia represents one of the most vibrant property markets in the Arab region, interested developers and investors need to have solid information on available opportunities and how to go about securing them,” said Omar Al-Kadi, CEO and MD, Injaz Development Co.
“As the Kingdom’s premier real estate event, Restatex connects the right stakeholders with the right projects to ensure mutual and robust growth,” said the CEO.
He said: “Injaz considers Restatex an ideal platform to share and acquire expertise and best practices while introducing our own projects to a broader regional and global audience. It is also an exciting channel to strengthen ties and form partnerships with market players.”
A press release from organizers said Saudi Arabia had been witnessing a remarkable growth in real estate projects that have been launched to keep pace with soaring housing demand being particularly an active segment.
Around 13 percent growth is expected in demand for residential units to reach 1.5 million by 2015.
Over the past few years, around 50 new real estate developers have been licensed in the Kingdom to address needs of the construction pipeline currently estimated to be worth SR 2.35 trillion, with the residential, education, health care and industrial sectors as focal areas.
At the upcoming Riyadh Exhibition for Real Estate and Architecture Development (Restatex 2013), local, regional and global property players as well as investors will be seeking a clearer perspective of the Saudi real estate landscape and its underlying opportunities.
The 16th edition of the “largest annual real estate exhibition and forum in the Kingdom” will take place at the Riyadh International Convention Center.