| Date: May 2011 |
REAL ESTATE BOOM ATTRACTS KEY PLAYERS TO CITYSCAPE JEDDAH |
Industry leaders eagerly anticipate Cityscape Awards to being held next month
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Jeddah, May 2011: Inspired by the vision of the Custodian of the Two Holy Mosques and propelled by the Saudi government’s initiatives to implement King Abdullah’s decree to hugely increase the number of affordable residential units, the Kingdom is enjoying the biggest real estate boom in the entire Middle East.
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| Date: 25 April 2011 |
2011 A Jump Start for Saudi Real Estate |
Jeddah International Urban Development & Real Estate Investment Event - Cityscape Jeddah is back for the third time following huge success of previous years
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Jeddah, April 2011: 2011 has been a challenging year so far, but also it has been a year of groundbreaking decisions for the Saudi real estate sector. With the mortgage law approved, the new Ministry of Housing in place and SR 250 billion allocated to build 500,000 new housing units, the government has taken a resolute approach in investing in the housing sector. Organised by IIR Middle East and National Exhibitions Company (NEC), the Jeddah International Urban Development and Real Estate Investment Event - Cityscape Jeddah to be held 11 - 13 June 2011 at the Jeddah Center for Forums & Events, will firmly place the spotlight on the Middle East’s largest real estate market – Saudi Arabia.
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| Date: May 2011 |
Housing projects spur economic growth in Saudi Arabia |
Affordable housing tops agenda of Jeddah Real Estate Summit held during Jeddah International Urban Development and Real Estate Investment Event - Cityscape Jeddah 2011
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Jeddah, May 2011: Development plans and investment continue unabated in the Kingdom. Numerous large scale residential plans from initiatives including the General Housing Authority’s 500,000 units, the National Guard’s 17,000 units, and GOSI’s 691 units will provide yet another positive boost to the Kingdom’s growing real estate sector, as well as the wider economy. With private and public developers needing to build a total of 1.65 million homes over the next six years, and the government’s aim to increase home ownership to 80 percent by 2024 through boosting the supply of affordable housing, major opportunities for the region’s real estate, construction and home financing companies are emerging.
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