Business & Money | Thursday 5 October, 2017 5:05 pm |

The foundation has been laid for a promising future for the real estate sector in the Kingdom of Saudi Arabia with the conclusion of the first ever Restatex Cityscape Riyadh, which saw over 6,000 participants walk through its doors.

The exhibition, which was held from September 27th until the 30th, is the result of the partnership between Ramtan Exposition & Conference, organisers of Restatex real estate events in KSA, and Informa Exhibitions, organiser of Cityscape.

Over 35 exhibitors, comprising developers, brokers and consultants from the Kingdom and across the Middle East – including a few from Europe – convened at the Riyadh International Convention & Exhibition Centre last week to display their projects to Saudi investors and homebuyers.

“Dozens of new projects from across the property spectrum were unveiled at this year’s inaugural exhibition illustrating the real estate potential in the country,” said Ahmed Zakaria, Exhibition Director at Restatex Cityscape Riyadh. “It has been an effective first edition of Restatex Cityscape Riyadh and we believe it will successfully stimulate real estate development and investment in line with Saudi Arabia’s Vision 2030.”

The exhibition also saw real estate experts come together under one platform to provide updates and advice, and discuss critical issues facing the country’s real estate sector at this year’s Restatex Cityscape Riyadh Workshops. The Workshops addressed issues ranging from regulations, white land tax, and partnerships with the private sector.

Abdallah Qassem of SGE, an exhibitor at this year’s event who showcased its residential compound in Saudi Arabia, said: “The exhibition was a useful experience for our company, especially being new to the Saudi market.”

Exhibitors agreed that the exhibition provided an ideal platform to network. Amlak International maintained that the exhibition was: “A great experience to acquire clients.”

While Janet Marji from Comatec said that the event provided the company with the opportunity to meet with big-named players in the real estate sector.

Exhibitor, Aqarmap stated that the inaugural event had a successful start with high quality visitors and the company is looking forward to next year’s show.

Hussain Farraj, CEO of Ramtan, co-organisers of Restatex Cityscape Riyadh said: “The success of this year’s first ever Restatex Cityscape Riyadh reveals the dedication to the real estate industry in the country and the demand from the country’s population for attractive real estate offerings. We look forward to repeating this success next year in Jeddah.”

Restatex Cityscape Jeddah takes place next year from the 6th until the 9th of February at the Jeddah Centre for Forums and Events.

Restatex Cityscape Riyadh was held under the patronage of His Excellency Majed Al-Hugail, Minister of Housing, Saudi Arabia and was sponsored by: Main Sponsor – Dubai Properties, Diamond Sponsor - Jabal Omar; Founding Sponsor – Aldar Properties; Inaugural Sponsor - Al Akaria; Gold Sponsors - Amlak International, Al Ahli, Etqaan Real Estate Co.; Silver Sponsor - KPMG, Samba, Al Rajhi Bank.