Over 100 firms will be present at a two-day summit in Spain, where Saudi real estate projects will take center stage, exhibiting significant developments and fresh commercial opportunities in the Kingdom.
The goal of the 15th Real Estate Development Summit Saudi Arabia: Europe Edition, which will be held at Palau de Congressos in Palma de Mallorca on July 4 and 5, is to bring together worldwide suppliers and decision-makers in charge of significant Saudi projects. The event is being hosted by the consulting firm GBB Venture.
This occurs at a time when the Saudi real estate market is expanding quickly thanks to large-scale infrastructure expenditures and ambitious urban development projects that are drawing attention from across the world and putting an emphasis on sustainability and innovation.
According to India-based Mordor Intelligence, the Kingdom’s real estate industry is expected to be valued $69.51 billion in 2024 and reach to $101.62 billion by 2029.
“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,” stated Ravi Kumar Chandran, managing director of GBB Venture.
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