The Cityscape Global Exhibition, which began today, featured the launch of several projects worth over SAR65 billion. One of the major projects unveiled was the National Housing Company's initiative to develop new real estate valued at SAR42 billion in the suburbs and communities under their administration. Additionally, a business center and the Khuzam sports city in Khuzam Suburb were also launched.
ROSHN, in collaboration with China Harbour as part of SEDRA's future projects, announced a strategic collaboration worth SAR7.7 billion. Makkiyoon Urban Developers unveiled the Boulevard Makkah project, valued at SAR6 billion, which includes administrative, commercial, residential units, and hotels spanning a total area of one million square meters. Retal Agency also launched a SAR5 billion project to establish an Ultra Luxury resort in Al-Khobar under the management of the Ritz Carlton.
Furthermore, the King Salman Park Fund announced a SAR4 billion investment to develop the first plot of land within the project. This investment will involve the construction of 1,500 residential units with the Salmani architectural style, as well as office, hotel, educational, and retail areas in an area of over 290,000 square meters. Masar Destination also launched a SAR4 billion project to construct 18 residential towers, four hotel buildings, and an office building.
Cityscape Global is a four-day event featuring the participation of 350 exhibitors. The exhibition showcases Saudi Vision 2030 mega projects, important real estate companies, start-ups, and various distinguished entities. Alongside the exhibition, the ROSHN Hackathon, which began today, focuses on existing start-ups and new project ideas. The winners of the hackathon will be announced during the closing ceremony on September 13th.
Source: Saudi Press Agency