Saudi Arabia’s commitment to sustainable development reflected in mega-projects

 

Saudi Arabia spearheading sustainable mega-projects 

Cityscape Global 2024 offers an extensive platform for international city experts to address the future of urban development, real estate, and infrastructure. Rachel Sturgess, Group Director at Tahaluf, highlights how the event aligns with Saudi Arabia’s Vision 2030, showcasing the kingdom’s transformative projects and commitment to sustainable development.

Aligning with Vision 2030 and Saudi’s Housing Goals

Cityscape Global 2024’s theme, "The Future of Living," reflects Saudi Arabia’s Vision 2030 by showcasing mega projects that aim to drive urban transformation. These initiatives prioritize sustainability, with a focus on creating greener, smarter cities that improve citizens' quality of life.

A key feature of the event is its institutional investor program, which connects international investors with Saudi projects through networking opportunities and tailored matchmaking sessions. This promotes collaboration and foreign direct investment, fostering growth in the real estate sector. Moreover, Cityscape Global supports Saudi Arabia’s Housing Program, which aims to increase homeownership to 70% by 2030. The event provides a platform for developers to present their projects, allowing consumers to purchase properties on-site.

Through collaboration, innovation, and knowledge-sharing, Cityscape Global contributes significantly to realizing Saudi Arabia’s vision of sustainable urban development.

 

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Conferences and Key Speakers

Cityscape Global 2024 boasts an extensive knowledge program featuring seven specialized conferences and over 500 speakers. Attendees can expect in-depth discussions on smart cities, sustainable construction, urban planning, real estate investment, and emerging technologies.

A notable addition to this year’s event is the Stadiums and Mega Events Conference, especially relevant given Saudi Arabia’s bid to host the 2034 FIFA World Cup. International experts will share insights on global trends shaping the future of cities. Approximately two-thirds of Cityscape Global’s exhibitors will be international, with renowned companies like Regal London, CITIC, and Hyde Park Developments participating.

Sports and Mega Events Zone

The new Sports and Mega Events Zone highlights Saudi Arabia’s ambitious plans for developing its sports infrastructure. This four-day focus will spotlight the construction of new stadiums and world-class sports facilities, key to the country’s urban transformation and efforts to become a global sports hub.

The sessions in this zone will explore the role of sports and entertainment in driving urban development, boosting tourism, and fostering social cohesion. Investors, developers, and industry leaders will have the opportunity to discuss challenges and opportunities in Saudi Arabia’s sports infrastructure projects.

 

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Real Estate Market Trends in Saudi Arabia

Saudi Arabia’s real estate market is experiencing rapid growth, driven by several key trends. There is increasing demand for luxury properties, reflecting the elevated lifestyle expectations of the country’s affluent population. Additionally, mixed-use developments are becoming popular, combining residential, commercial, and retail spaces to create vibrant, self-sufficient communities.

Green building practices and sustainability are also gaining importance, aligning with the country’s focus on environmental responsibility under Vision 2030.

Showcasing Smart City Solutions

Cityscape Global will showcase cutting-edge smart city solutions and technology-driven urban planning strategies. Exhibitors will present innovations that are key to building the cities of tomorrow, with a particular focus on intelligent infrastructure, data-driven urban planning, and sustainable technologies.

The event will feature The Future of Living Summit, where global thought leaders will discuss long-term strategies for city development and how emerging technologies will shape urban environments. The Smart Cities Conference will delve into topics such as AI-driven urban management and energy-efficient infrastructure systems.

Contributing to Long-Term Sustainable Development

Cityscape Global plays a crucial role in promoting long-term sustainable development in Saudi Arabia. The event fosters global partnerships, bringing together industry leaders to address the evolving needs of modern cities. The 2023 edition attracted over 160,000 attendees and 13,000 investors, with all Saudi giga-projects showcased under one roof.

These projects, cornerstones of Vision 2030, demonstrate Saudi Arabia’s ambition to lead in sustainable urban development. The event also helps forge international connections that can lead to long-term partnerships and future projects.

 

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Attracting Global City Experts

Cityscape Global 2024 offers international city experts an ideal platform to explore the future of urban development. As cities face new challenges related to infrastructure, demographics, and sustainability, the event provides valuable insights and opportunities for collaboration.

This year’s edition features seven specialized conferences, focusing on smart infrastructure, sustainable urban solutions, and major projects like Saudi Arabia’s preparations for the 2034 FIFA World Cup and the 2029 Asian Winter Games.

Prominent speakers include Dan Epstein, former Director of Legacy and Sustainability for the London Olympics, Navid Hanif, Assistant Secretary-General of the United Nations, and Enrique Peñalosa, former Mayor of Bogotá and one of the world’s 100 most influential urbanists.

Setting Cityscape Global Apart

Cityscape Global 2024 stands out from other real estate events due to its scale, international ambition, and alignment with Saudi Vision 2030. The event will feature over 400 exhibitors and 500 speakers, tackling key industry themes. New sector profiles, such as the Financial Sector, Tech Zone, Architecture & Design Sector, and Stadiums Zone, enhance the event’s diversity.

The event is a key driver of deals and partnerships, facilitating over $30 billion in announced deals last year alone. For 2024, the tailored investor program has expanded to attract global investors managing over $1 trillion in assets.

Cityscape Global 2024 will be held from November 11-14 at the Exhibition and Convention Center in Malham, Riyadh.

Source: https://gulfbusiness.com/