Issue No 341 - May 30, 2011

Cityscape Jeddah draws good response

Cityscape Jeddah, to be held next month, has attracted a high level of participation and sponsorship support inspired by the unprecedented real estate boom in the kingdom.

The urban development and real estate investment event will be held from June 11 to 13 at the Jeddah Center for Forums & Events under the patronage of Prince Misha’al bin Majed bin Abdulaziz, Governor of Jeddah.

Cityscape is the only real estate event in the region that combines a conference, exhibition and awards, said a statement.

With more than $36 billion of FDI and over $500 billion of real estate projects already under way, the kingdom presents some of the most lucrative and accessible opportunities for regional and international real estate investors, it said.

The two latest sponsors to come onboard for Cityscape Jeddah are Al Oula and Raysan Arabia.

“In the space of only three years, Cityscape has become firmly established as the premier event for local, regional and international companies and investors participating in or seeking to unlock the potential of the kingdom’s richly rewarding real estate market,” the statement said.

The organizers of the event expect more than 10,000 visitors from 43 countries to attend the three-day exhibition.

In addition, more than 200 influential industry leaders from the government, banking, real estate development, consulting and environmental sectors will discuss crucial issues affecting real estate investment and development in the kingdom during the two-day Jeddah Real Estate Summit running concurrently at the nearby Jeddah Hilton Hotel.

Other sponsors of the exhibition include Sumou Real Estate (Principal Sponsor) and Ewaan (Founding Sponsor).

A highlight of the annual event is the awards that recognise outstanding achievements in Saudi Arabia's real estate sector. The awards are intended as an incentive for the continued pursuit of excellence among participants in the kingdom’s real estate industry and to focus attention on their contribution to architecture, culture, invention and imagination.

The categories for the Cityscape Awards are: Development - Best Waterfront Development Award (Future); Commercial & Retail Project Award (Built & Future); Residential Project Award (Built & Future); Architecture - Best Urban Design & Master Planning Award.

Source: TradeArabia News


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