Micromobility and local community infrastructure headlined the debate on the second day of Le Marché International des Professionnels de L’immobilier 2023. The world’s leading real estate market event, MIPIM 2023, was held in Cannes from March 14-17.
Driven by ROSHN Group CEO David Grover, Saudi Arabia’s leading real estate company and enabler of the Public Investment Fund’s giga-projects, the topic was included in debates across the conference, highlighting the importance of micro-communities within giga-developments in the Kingdom.
“We have a big role to play, not just as ROSHN, but as an enabler of jobs, GDP, value and growth,” said Grover, as he spoke during a discussion titled “Revolutionary infrastructure to help realize tomorrow’s cities.”
“The use of micromobility is important for us; we want to create a wider environment where people can live, work and play in the same zone, to give them an option to avoid getting into the traffic of the city every day.”
Joined by a panel of other high-profile real estate personnel, Grover discussed strategies to attract infrastructure investment, explored citizens’ expectations regarding infrastructure development, and discussed the role of infrastructure development in urban regeneration.
ROSHN also conducted two workshops and one panel session, during which it shared insights around the development of real estate giga-projects in a rapidly growing economy.
The Invest Saudi pavilion showcased Saudi Arabia’s extensive real estate investment opportunities and explored ROSHN and its national partners’ ambitions in developing new urban environments in the Kingdom. Demonstrating commitment toward innovation and technology, this year’s Invest Saudi pavilion also featured Saudi Arabia’s first humanoid robot, Sara.
Sara is an artificial intelligence-based robot capable of communicating with visitors to the pavilion in both Arabic and English. Sara contained a predefined model with general knowledge about Saudi Arabia, ROSHN and Vision 2030.
“Sara is the embodiment of technological progress within the Kingdom. While we feel it’s important to focus on our commitment to creating greener communities, the way to get there is through a combination of technology, design and passion for creating better spaces for our residents,” said Jason Margetts, group CSO, ROSHN.
He said Sara pushes the boundaries of the latest AI trends and enabled attendees to their stand to see for themselves how cutting-edge the Kingdom is in line with global trends.
MIPIM 2023 is the key global event to source capital for real estate’s core and emerging asset classes, hosting more than 23,000 delegates and 2,400 exhibiting businesses from over 90 nations. Some 6,000 international investors and financial institutions and 76 of the world’s top 100 investment management companies, which collectively advise on $4.3 trillion of assets, were also in attendance.