01 July 2009

WITH more than SR14 billion ($3.73 billion) in onsite deals, 100 exhibiting companies, over 10,000 sq m of exhibiting space and attracting over 8,500 visitors, Cityscape Saudi Arabia has confirmed its standing as the kingdom’s largest and most important real estate investment and development event.
Two onsite deals were announced on the first day of the show, totalling SR12 billion ($3.20 billion).
“To successfully launch a real estate event in the current economic climate is a testimony to the strength and the confidence shown not only the Saudi market but the Cityscape brand as well,” says Deep Marwaha, exhibition director of Cityscape Saudi Arabia.
“Irrespective of the total size of the onsite orders, what it clearly demonstrates is that the Saudi real estate market is very much alive and well,” said Marwaha.
Cityscape Saudi Arabia, held last month, was aimed at regional and international investors, real estate developers, government and development authorities, architects, designers, consultants and senior professionals involved in the real estate industry. 
In addition the Cityscape Real Estate Awards, which took place on the opening night of the show, recognised exemplary contributions to architecture and real estate development in the kingdom. The awards were dominated by projects in Jeddah such as King Abdullah Economic City, Al Andalus Mall and Jeddah’s redevelopment masterplan, having picked up top honours in four of the five award categories.
All eyes now turn to the UAE where Cityscape Dubai takes place at the Dubai International Exhibition and Convention Centre on October 5 to 8.

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