INVESTORS & EXHIBITORS LAUD SUCCESS OF KSA REAL ESTATE EVENT

Spotlight
January 2017



The Event, which was held from November 2nd to 4th at the Jeddah Centrefor Forums and Events, owned by the Jeddah Chamber, saw thousands of visitors fromacross the country walk through its doors, an indication of the real estatepotential in KSA.

Held under thepatronage of His Royal Highness Prince Misha’al bin Majed bin Abdulaziz,Governor of Jeddah, the Event brought together over 50 exhibitors who unveiled dozensof new projects from across the property spectrum, thereby successfullystimulating real estate development and investment in line with Saudi Arabia’sVision 2030.

“The success ofthis year’s Event reveals the dedication of local investors, developers and realestate professionals to advance the industry in the country,” said Mr. HusseinAlHarithy, Vice Chairman and Managing Director of National Exhibition,organisers of the Jeddah Urban Development & Real Estate Investment Event.“This dedication to the industry is made possible due to the steadfast demandfrom the country’s population for attractive real estate offerings. We lookforward to repeating this success next year.”

Exhibitors atthis year’s Event hailed the show as an achievement for the real estate sectorin the country.

“The Eventdelivered beyond our expectations a good flow of visitors, many of them keeninvestors,” said Amal Merchant of Tilal Properties.

Fahad Ul Haq of H&SReal Estate agreed, stating: “It is a solid platform to meet with interestedinvestors.”

For BassamAlhuthaify of Barcode Ltd, the Event is “the only real estate show in theKingdom that brings together a diverse set of companies from around the world”.

Sharing the samesentiment, Ahmed Al Jarbou of Al Jarbou Real Estate said: “This Event is a connectingpoint that brings us and our customers together, and it cannot be valued at anyprice. This is where we meet interested buyers.”

Adding to theoverall success of the exhibition, this year’s one-day workshop, sponsored byKohler, was a resounding triumph with over 200 senior real estate professionalsand investors in attendance. Speakers and visitors to the workshop were eagerto discuss, debate and learn about the current state and outlook of the realestate market, especially in light of the government’s path to economicdiversification.

For CarlosSalas, Regional Director for Crystal Lagoons, who attended the workshop, therewas a clear understanding of the market.

Nezar Awayda, ChiefSales and Marketing Officer for Jabal Omar Development, agreed. “If you are aplayer in any capacity within the property development segment, I wouldrecommend you be part of this Event,” he said.

Coupled with asuccessful workshop, the Event also saw the coveted Real Estate Awards Jeddahwith over 70 attendees. The awards paid tribute to top local projects fromdevelopers and architects who are making a difference in the real estate sectorand contributing to the country’s Vision 2030 plans.

Key exhibitorsincluded: King Abdullah Economic City, Jabal Omar Development Co., LifestyleDevelopers, Schon Properties, Danube Properties, Al Marjan Island, Kleindienst,Dar Al Tamleek, Tamimi Pre Engineered Buildings, Tilal, Sloanes Real EstateBrokers KSA, Select Global Development, Artar Real Estate Development, Saudi HollandiBank, Sobha LLC, Green Valley Real Estate, Barcode Ltd, Banke InternationalProperties, Tiger Group, Rawae Al-Umran Real estate Development co., RealEstate Progress Pivot and many others.

For moreinformation visit www.jeddahurbandevelopment.com.

 

Aboutthe Jeddah Urban Development and Real Estate Investment Event

The Jeddah UrbanDevelopment and Real Estate Investment Event, powered by Cityscape, provides aplatform for the regional and local real estate communities to come together tonetwork, create partnerships and discuss the future of real estate in the MiddleEast’s largest real estate market, Saudi Arabia. 

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