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29 March 2024

Cityscape Saudi sees SR14bn worth of sales

Two on-site deals were announced on the first day of the show. (AFP)

Published
By Staff Writer

More than SR14 billion (Dh13.7bn) worth of deals were signed at Cityscape Saudi Arabia, according to organisers.

Abdullah Al Khariji, member of the real estate committee at the Chamber of Commerce and Industry in Jeddah, said two on-site deals were announced on the first day of the show, totalling SR12bn.

In addition, Omar Al Jaroudi, Chief Executive of Shuaa Capital Saudi Arabia (SCSA), said the company is in the final stages of providing financing solutions for investments worth SR2bn in Saudi hospitality developments.

"To successfully launch a real estate event in the current economic climate is a testimony to the strength and the confidence shown in not only the Saudi market but the Cityscape brand as well," said Deep Marwaha, exhibition director, Cityscape Saudi Arabia.

"Irrespective of the total size of the onsite orders, what it clearly demonstrates is that the Saudi real estate market is very much alive and well," he added.

 

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