Saudi Real Estate Projects to Shine at Summit in Spain
RIYADH: Get ready for a real estate extravaganza as Saudi Arabia takes center stage at a two-day summit in Spain. With over 100 companies participating, the event will showcase major developments and new business opportunities in the Kingdom.
Hosted by consultancy firm GBB Venture, the 15th Real Estate Development Summit Saudi Arabia: Europe Edition is set to take place on July 4 and 5 at Palau de Congressos, Palma de Mallorca. The summit aims to bring together decision-makers overseeing major Saudi projects with global suppliers.
The Saudi real estate market is rapidly advancing with ambitious urban development projects and substantial infrastructure investments. This has attracted global interest, with a strong emphasis on sustainability and innovation.
According to India-based Mordor Intelligence, the Kingdom’s property market is estimated to be worth $69.51 billion in 2024 and is projected to reach approximately $101.62 billion by 2029.
Ravi Kumar Chandran, managing director at GBB Venture, expressed his excitement, stating: “Saudi Arabia is transitioning to one of the historic moments of the time and (will) reposition itself as one of the most progressive, high-tech, sustainable and luxurious countries in the world.”