Affordable housing, hotels focus of Cityscape Jeddah
Jeddah, February 24, 2013
Affordable housing projects and growth of the hotel and hospitality sector in Saudi Arabia will take centre stage at the Cityscape events in Jeddah next month.
The Saudi real estate sector is poised to witness a boom, offering tremendous growth opportunities, this year due to the much-anticipated approval of the mortgage law and the industry’s focus on religious tourism.
Currently in its fourth successful year, Cityscape Jeddah will take place under the patronage of Prince Misha’al bin Majid bin Abdulaziz, Governor of Jeddah, from March 2-4 at the Jeddah Center for Forums and Events.
It will include a large exhibition, plus three intensive, interactive days, consisting of 40 top-level management speakers including CEOs and chairmen, more than 20 interactive panel discussions and case study presentations, round tables to spread knowledge sharing and 7 networking opportunities to increase the possibilities to establish local and international contacts with key stakeholders that are otherwise impossible to reach.
Commenting on the newest features added to this year’s event, Hussein Al-Harithy, VP and managing director, National Exhibitions Company, said: “Among the newest features to be added to the event this year is the Residential & Affordable Housing Summit, the Hotel Investment & Development Summit and the World Architecture Congress Saudi Arabia.”
On day 1, the Residential and Affordable Housing Summit, will include expert panel discussions on key housing projects, developers perspectives, successful strategies for securing project financing and profitable business models and innovative investment opportunities that are a must to be capitalized on in the residential market.
On day 2, the Hotel Investment and Development Summit, will include expert talks on ways to capitalize on the growing segments of low and mid-scale hotels, strategies to secure financing for hotel projects and identifying new hotel investment opportunities in religious tourism.
“It has been forecast by the Saudi Commission for Tourism and Antiquities (SCTA) that among the most exciting opportunities expected to emerge in the near future will be in the Saudi hotel and hospitality sector. This due to the government’s enhanced support for the development of the religious tourism industry with forecasts projecting the kingdom to welcome 15.8 million religious tourists by 2014. Tourist arrivals is expected to grow between 6 and 8 per cent over the next five years,” said Al-Harithy.
Local and international brands can gain insight into prime hotel and hospitality sector investment opportunities at the show, he said. – TradeArabia News Service
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