The Saudi Real Estate Development and Ownership Exhibition 2023 has opened, welcoming over 60 international and regional developers. The event, which spans 10,000 sq m of exhibition space, is Saudi Arabia’s largest and most influential property investment showcase, with over 15,000 visitors expected. The exhibition includes dialogue sessions, workshops and training courses to review opportunities and modern methods in real estate development. The event aims to develop and upgrade the Saudi real estate market by bringing together agencies that serve the sector and its pioneers under one roof. The government has implemented measures to attract investments in the real estate sector and achieve sustainable development goals.
As per Arab News, the first edition of the Saudi Real Estate Development and Ownership Exhibition 2023 opened on May 28, welcoming more than 60 international and regional developers. This event, which spans 10,000 square meters of exhibition space, is Saudi Arabia’s largest and most influential property investment showcase, expecting to attract more than 15,000 visitors with an interest in purchasing or promoting real estate.
The exhibition, which takes place until May 31 at the Jeddah Center for Forums and Events, features the participation of competent authorities and real estate developers and financing agencies, who will review the opportunities and modern methods in real estate development. A highlight this year includes dialogue sessions and workshops to review opportunities and modern methods in real estate development, in addition to a number of specialized training courses.
The Saudi Exhibition for Real Estate Development and Ownership, or SEREDO, is considered a major platform to develop and upgrade the Saudi real estate market, as it brings together the agencies that serve the real estate sector and its pioneers under one roof, contributing to the exchange of experiences, dissemination of knowledge and raising awareness among visitors of the exhibition about the importance of real estate investment and real estate products, in addition to providing successful marketing solutions to meet the demand.
Abdulrahman Al-Zahrani, general manager of Aalyalshan Company, the organizer of the exhibition, said the goal is to present an effective real estate exhibition that contributes to the development and advancement of the Saudi real estate market. Al-Zahrani said that holding such specialized real estate exhibitions is in tune with the aspirations to upgrade the sector and diversify economic res to increase the contribution of the non-oil sectors to the GDP.
The positive results being achieved in the real estate sector are in line with the positive indicators in the economic plan, Al-Zahrani noted. He also pointed out the government’s measures to attract investments in the real estate sector, implement Saudi Vision 2030, and achieve the sustainable development goals.
As per the article, it is expected that the volume of real estate financing in the coming period will reach more than SR100 billion ($26.6 billion). This will undoubtedly have a significant impact on the Saudi real estate market, contributing to its growth and development.
To wind up, the Saudi Real Estate Development and Ownership Exhibition 2023 is a major event for the Saudi real estate market, bringing together international and regional developers, financing agencies, and competent authorities to review opportunities and modern methods in real estate development. It is a platform for the exchange of experiences, dissemination of knowledge, and raising awareness among visitors of the exhibition about the importance of real estate investment and real estate products. The exhibition is expected to contribute to the development and advancement of the Saudi real estate market, in line with the government’s measures to attract investments in the sector and achieve the sustainable development goals.
