An attractive period for foreign investment in Saudi real estate.

The Cityscape Global exhibition continues to attract investors from around the world to the Saudi capital, Riyadh. Many international companies confirm that this event provides opportunities to connect with local businesses and make deals with them to realize huge Saudi projects. They note that real estate in the country is in a period of transformation and has become attractive for foreign investment.

On the third day of the exhibition, several investment agreements were signed between local and foreign companies, indicating worldwide interest in the country's major real estate event. Companies cite the importance of Cityscape Global in introducing new Saudi projects and facilitating barrier-free entry into the local market.

The CEO of Select Property Group, Adam Price, said that the event facilitates communication with partners and new investors in Saudi Arabia, as well as providing valuable observations about the real estate market and promoting foreign investment and diversity of the asset portfolio.

Yousef Al-Salih, executive director of Thabat Al-Masaken, said real estate plays an important role in the Vision 2030 program and initiatives, and the Cityscape Global exhibition is a significant event for establishing partnerships and alliances with foreign companies, especially given Saudi Arabia's strategy to increase home ownership.

The real estate fund was also established to develop the Qod-da area, which is close to Holy Makkah. The area of this district is 686 thousand square meters, with more than 2.6 thousand properties. The Royal Commission for the City of Mecca and the Holy Places signed an agreement to establish a real estate fund with a capital of 11 billion riyals ($2.9 billion) to develop the area.

The National Housing Agency has booked more than 1,700 suburbs and residential developments implemented by the company in partnership with experienced and qualified real estate developers for a total of more than 1.5 billion riyals ($400 million) during the last two days of the Cityscape Global exhibition in Riyadh, in response to the growing demand for residential spaces and offers convenient purchase terms.