More than SR65bn ($17.33bn) worth of development projects have been announced during the Cityscape Global Exhibition, a property development networking exhibition and conference in Saudi Arabia.

The Saudi Press Agency (SPA) said the National Housing Company unveiled new real estate projects worth SR42bn ($11.2bn) in the suburbs and towns under their jurisdiction.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Furthermore, a commercial centre and the Khuzam sports city were announced in Khuzam Suburb.

Saudi Arabia-based real estate developer Roshn announced its partnership worth SR7.7bn ($2bn) with China Harbour as part of SEDRA’s future projects.

Makkiyoon Urban Developers announced the Boulevard Makkah project, which is worth SAR6bn ($1.6bn) and consists of administrative, commercial, residential, and hotel space spanning one million square metres.

The SPA report stated that Retal Agency revealed the launch of an SR5bn ($1.3bn) project to build an ultra-luxury resort in Al-Khobar under the brand of the Ritz Carlton.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Additionally, the King Salman Park Fund committed an SR4bn ($1bn) investment to build the project’s initial block of land.

The project will include the development of more than 290,000m² of commercial, hotel, educational, and retail space, along with 1,500 residential apartments in the Salmani architectural style.

Masar Destination has also begun work on an SR4bn ($1bn) project to build 18 residential towers, four hotel buildings and an office complex.

Saudi Arabia’s Municipal and Rural Affairs and Housing Minister Majid Al-Hogail was quoted by SPA as saying: “We will together work on developing the housing sector in light of a legislative environment that stimulates investment and various financing options that have contributed to the highest ever percentage of real estate loans in the non-oil gross domestic product.”