RIYADH — The Cityscape Global exhibition in Riyadh continued its strong momentum on the third day, marked by a series of agreements aimed at boosting urban development and improving quality of life across the Kingdom.
The four-day real estate event, which opened on November 17, has already recorded agreements exceeding SR161.2 billion ($42.3 billion). The deals highlight accelerating growth in Saudi Arabia’s property sector, a key pillar of the nation’s strategy to diversify the economy and enhance its position as a global business and tourism hub.
During the exhibition, the Ministry of Municipal and Rural Affairs and Housing signed a memorandum of understanding with Al-Othaim Investment Co. to expand the participation of Saudi youth in the labor market.
According to the Saudi Press Agency, the partnership focuses on training, job creation, and entrepreneurship programs across sectors under the ministry’s oversight. Under the agreement, Al-Othaim Investment will provide employment opportunities for Saudi nationals, identify priority skills and specializations, and collaborate on building a national database to attract qualified talent.
The Al-Jouf Region Municipality also signed a contract worth SR9.92 million with TUV Rheinland Arabia Ltd. to privatize excavation control activities and curb construction violations. The move supports the municipality’s broader goals of strengthening its regulatory framework and enhancing the quality of urban infrastructure.
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