Saudi Arabia real estate investment poised to witness boom in growth
Saudi Arabia’s real estate sector is poised to witness a boom in growth opportunities this year, due to the approval of the mortgage law, implementation of affordable housing projects and growth of the hospitality sector, as the industry further taps into religious tourism, which is expected to contribute to sector growth of more than 20% in 2013 alone. Investments rose 45% in Makkah in 2012 Cityscape Jeddah will take place from March 2nd – 4th, at the Jeddah Center for Forums and Events. It is supported by the Jeddah Governor Prince Mishaal bin Majed. Hussein Al-Harithy, VP and MD, National Exhibitions Company, said:” Among the newest features to be added to the event this year, in addition to the largest Real Estate Exhibition in Saudi Arabia is the Residential & Affordable Housing Summit, the Hotel Investment & Development Summit and the World Architecture Congress Saudi Arabia.” The exhibition will feature three intensive and interactive days. There will be 40 top-level management speakers, including CEOs and chairmen, more than 20 interactive panel discussions and case study presentations, round tables to spread knowledge sharing and 7 networking opportunities to increase the possibilities to establish local and international contacts with key stakeholders that are otherwise impossible to reach.