| Date: March 2013 |
CITYSCAPE JEDDAH PLAYS MAJOR ROLE IN SAUDI REAL ESTATE SECTOR |
Jeddah’s first ever World Architectural Congress brings to light the need for more economical and smart building materials in providing affordable housing to solve Kingdom’s housing crisis.
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Jeddah, March 2013: Following the great success of the World Architectural Congress at Cityscape Riyadh in December, the event was launched for the first time at Cityscape Jeddah yesterday with the participation of leading architects, designers and engineers in the Kingdom.
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| Date: March 2013 |
SAUDI BANKS HAVE DOMINANT PRESENCE AT THIS YEAR’S CITYSCAPE JEDDAH |
Impending Mortgage Law Sparks Interest in Property and Financing
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Jeddah, March 2013: With more than 50 local and regional exhibitors displaying their projects and services to an expected 10,000 visitors, the Jeddah Urban Development and Real Estate Investment Event – Cityscape Jeddah was opened yesterday by HRH Prince Misha’al bin Majed, Governor of Jeddah. The annual event comes at a critical time when all the major players in the market from real estate developers to home finance companies are trying to adjust their strategies to complement the three mortgage laws published by SAMA last week.
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| Date: March 2013 |
HRH PRINCE MISHA’AL INAUGURATES CITYSCAPE JEDDAH TODAY |
Major participation by finance companies reflects increased demand for home ownership
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Jeddah, March 2013: With Saudi Arabia’s much-anticipated mortgage law expected to soon make residential loans a key part of both, banks’ and real estate financier’s lending portfolios, the 4th Annual Jeddah Urban Development and Real Estate Investment Event - Cityscape Jeddah is set to be the perfect platform for welcoming huge numbers of participants, from local and international real estate investors and developers to banking and home finance experts, as well as both government officials and key decision-makers towards providing a firm foundation concerning residential and affordable housing options.
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| Date: February 2013 |
AFFORDABLE HOUSING & HOTEL DEVELOPMENT TO TAKE CENTER STAGE AT CITYSCAPE JEDDAH |
Saudi Arabia’s real estate sector to experience 20% growth in 2013, due to expansion of religious tourism industry.
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There is no doubt that Saudi Arabia’s real estate sector is poised to witness a boom in offering tremendous growth opportunities this year. This is due to the much-anticipated approval of the mortgage law, implementation of affordable housing projects and growth of the hotel and hospitality sector, as the industry further taps into religious tourism, which is expected to contribute to sector growth of more than 20% in 2013, alone.
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| 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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