Cityscape Global 2024: Shaping the Future of Living in Saudi Arabia
As the world turns its gaze toward Saudi Arabia, the upcoming Cityscape Global 2024 promises to be a landmark event in the realm of real estate and urban development. Scheduled to take place from November 11 to 14 at the Riyadh Exhibition and Convention Center, this year’s edition is set to be larger and more impactful than ever, with over 400 exhibitors and 500 speakers convening under the theme “The Future of Living.”
A Transformative Vision
Saudi Arabia’s real estate sector is undergoing a significant transformation, driven by the ambitious Vision 2030 initiative. H.E. Majed bin Abdullah Al-Hogail, the Minister of Municipalities and Housing, emphasized the importance of this vision in creating a prosperous economy and vibrant communities. “The comprehensive strategy for the real estate sector aims to achieve the goals of the vision by building a prosperous and solid economy and vibrant, integrated communities in an ambitious nation,” he stated.
This transformation is not merely a local endeavor; it seeks to attract global attention and investment, particularly from institutional investors. The organizers of Cityscape Global have outlined plans to engage institutional investors with a staggering $1 trillion in fund value, signaling a robust commitment to fostering international partnerships and investment opportunities.
A Record-Breaking Event
Cityscape Global 2024 is poised to surpass the success of its predecessor, which attracted over 300 exhibitors—55% of whom were international—and welcomed 160,000 attendees from more than 170 countries. The previous event also showcased the unveiling of $18.3 billion in Saudi-based real estate projects, highlighting the immense potential within the region.
This year, the event is expected to feature a diverse array of exhibitors and speakers, creating a dynamic platform for dialogue and collaboration among industry leaders, investors, and developers.
Conferences and Sector Profiles
In addition to the exhibition, Cityscape Global 2024 will host seven conferences focused on business-to-business (B2B) interactions and investment opportunities. This year’s edition will introduce new sector profiles, including stadiums and attractions, sustainable smart buildings, smart hotels, and a dedicated focus on smart cities.
The event serves as a catalyst for transformation in the real estate sector, bringing together key stakeholders to showcase major projects and enhance international cooperation. The overarching goal is to create a future where opportunities and prosperity are accessible to all.
A Dedicated Investors’ Program
Cityscape Global 2024 will feature a dedicated investors’ program designed to incubate investment opportunities and facilitate tailored networking. This initiative aims to showcase intelligent infrastructure, technology-driven solutions, and data-driven planning essential for creating efficient, sustainable, and livable urban environments.
Moreover, the event will highlight Saudi Arabia’s burgeoning sports infrastructure, including the announcement of eight new stadiums, and will include a special segment dedicated to stadiums and mega events. This focus on sports infrastructure aligns with the broader goals of Vision 2030, which seeks to diversify the economy and enhance the quality of life for residents.
Strategic Aims for 2024
Rachel Sturgess, the director of Cityscape Global, outlined bold strategic aims for the upcoming event, including the addition of two new exhibition halls—one specifically for international exhibitors. This expansion is a direct response to the increasing interest from global developers and investors.
Sturgess emphasized the importance of engagement among developers, regulators, government entities, and investors, stating, “The institutional investor program attracts top names from around the world, with a fund value of $1 trillion. We will achieve these ambitious targets by increasing engagement between all stakeholders.”
Conclusion
Cityscape Global 2024 is not just an event; it is a pivotal moment in the evolution of Saudi Arabia’s real estate landscape. With its focus on innovation, sustainability, and international collaboration, the event aims to shape the future of urban living in the Kingdom and beyond. As the world watches, Cityscape Global 2024 stands as a testament to Saudi Arabia’s commitment to transforming its real estate sector and creating vibrant, integrated communities for generations to come.
For more insights and updates on real estate developments, visit Economy Middle East.