Cityscape Global 2024 Closes with USD61 Billion in Transactions

Cityscape Global 2024, held in Riyadh from November 11-14, 2024, showcased Saudi Arabia’s prominence in the global real estate market. The event set new records, attracting over 172,000 visitors and featuring 400 exhibitors and 550 speakers from over 50 countries.

Talahuf hosted the event, the world’s largest real estate exhibition. Talahuf is a partnership between the Saudi Federation for Cybersecurity, Programming, and Drones, the Events Investment Fund, and Informa.
Cityscape Global 2024, under the theme of “The Future of Living,” aligns with Saudi Arabia’s Vision 2030.

Moreover, it saw real estate deals exceed $61 billion. On the opening day alone, Saudi Arabia unveiled projects worth USD 47.9 million, underscoring the kingdom’s ambitious development goals.

Additionally, strategic agreements totaling $7.9 billion highlighted the strength of public-private partnerships in advancing Saudi Arabia’s urban transformation.

About Cityscape Global 2024

This year’s Cityscape Global marked a significant leap in global participation. The event featured over 100 local developers and welcomed 69 international exhibitors, reflecting a 64% increase from 2023. Furthermore, the strong international presence emphasized Saudi Arabia’s growing appeal to global investors.

“The participation of global and local companies, with international exhibitors accounting for 47%, highlights Riyadh’s appeal as a global destination for real estate investment,” noted Tahaluf Chairman Faisal Al Khamisi.

Key speakers, including Minister of Municipalities and Housing Majid Al-Hogail, highlighted the government’s role in fostering a thriving real estate sector. In addition, Al-Hogail emphasized the importance of sustainable urban development and innovation’s role in achieving Vision 2030 objectives. He also reaffirmed the kingdom’s commitment to creating opportunities for investors and developers alike.

“The remarkable investments, agreements, and participation at Cityscape Global reflect the ongoing growth of the sector and its alignment with the ministry’s strategic objectives under Saudi Vision 2030,” Al Hogail remarked.

Encouraging partnerships

Cityscape Global not only highlighted Saudi Arabia’s real estate potential but also served as a platform for knowledge-sharing. Numerous panels and workshops discussed industry trends, future opportunities, and the impact of technology on the sector. Hence, these discussions provided valuable insights for investors, developers, and policymakers.

“Cityscape Global has successfully met the expectations of stakeholders, offering an ideal platform for transactions, investments, and strategic collaborations,” commented Abdullah Al Hammad, CEO of the Real Estate General Authority.

Cityscape Global 2024: A definite success

The event’s impressive outcomes demonstrate Saudi Arabia’s steady rise as a global real estate hub. By combining visionary leadership with strategic partnerships, the country continues to attract investment and build world-class developments. Furthermore, the record-breaking turnout solidifies Riyadh’s position as a destination for international exhibitions.

Looking ahead, expectations for Cityscape Global 2025 are already high. Scheduled for November 10–13 in Riyadh, the next edition aims to build on this year’s success. Correspondingly, ndustry leaders anticipate even greater achievements as Saudi Arabia progresses towards realizing its Vision 2030 goals.

Overall, Cityscape Global 2024 reinforced Saudi Arabia’s reputation as a leader in innovative and sustainable urban development. With over $61 billion in transactions and a record-breaking turnout, the event set a high benchmark for future editions. By fostering collaboration and innovation, Saudi Arabia continues to shape the future of global real estate.

Photo: Facebook/Cityscape Global