Cityscape Riyadh 2024: How Has it Re-shaped the Global Future of Smart Cities?
Riyadh's Cityscape Global 2024 officially kicked off, marking the largest event of its kind. As the premier real estate exhibition, it is redefining the future of smart and sustainable cities. Aligned with Saudi Arabia’s Vision 2030, a transformative initiative launched by His Royal Highness Crown Prince Mohammed bin Salman, the event was inaugurated by His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal Rural Affairs, and Housing. Over the years, Cityscape Global has evolved into a dynamic international platform for collaboration, innovation, and investment.
"Historic Opening and Multi-Billion-Dollar Deals Signed"
In his opening speech, His Excellency Majid Al Hogail emphasized that the Kingdom is confidently advancing towards the goals of Vision 2030, saying:
"We are committed to building cities that go beyond luxury, focusing on innovation and sustainability to position Saudi Arabia as a global leader in urban development."
The event also marked the announcement of deals totaling SAR 180 billion, which include several high-profile strategic projects. Among the most notable is the Sports Track, a 135-kilometer project aimed at enhancing the quality of life in Riyadh, alongside significant investments in housing and infrastructure development.
"Key Figures Who Made a Lasting Impact"
The exhibition drew global attention, with the participation of numerous influential figures. Key highlights include:
• Kevin O'Leary, a renowned Canadian businessman, who stated:
"Investing in Riyadh today is investing in the world's future."
• Navid Hanif, Assistant Secretary-General of the United Nations, who emphasized the critical role of sustainable development in advancing smart cities.
• Caroline D. Pham, Commissioner of the U.S. Commodity Futures Trading Commission, who discussed the impact of fiscal policies on attracting international investment.
Locally, Dr. Sumaya Al Sulaiman, CEO of the Architecture and Design Authority, took part in sessions focused on the importance of sustainable design. Meanwhile, Adwaa Al Arifi, Assistant Minister for Sports Affairs, shared valuable insights on the role of sports in enhancing the infrastructure of real estate projects.
"Redefining the Future Through Innovation"
The exhibition showcased innovative presentations from over 70 international developers, including Egypt’s Hyde Park and Britain’s Regal London. These companies highlighted practical solutions using recycled materials and sustainable construction techniques designed to reduce environmental impact and promote urban sustainability.
"Moments to Remember"
During a panel discussion, Kevin O'Leary called the Saudi market "the number one destination for aspiring investors."
Caroline D. Pham emphasized, "What Riyadh offers today is not just real estate projects, but a global model to be emulated."
Numbers Speak of Achievement
• Over 400 exhibitors from countries around the world.
• 500 global speakers sharing insights on the latest real estate developments.
• 22 international pavilions showcasing diverse cultures and architectural styles.
"Heading Toward a Bright Future"
Aligned with Vision 2030 Launched by His Royal Highness Crown Prince Mohammed bin Salman, Cityscape Riyadh 2024 has demonstrated that Saudi Arabia is not only a prime investment destination but also a strategic partner in creating sustainable cities that will redefine the future for generations to come.
With these remarkable achievements, one question emerges: Are we witnessing the rise of a new global real estate hub in Riyadh? The answer is becoming increasingly clear. The record-breaking number of deals and projects announced signals significant growth in the real estate sector, with the capital now at the center of attention for investors and developers worldwide. The strong international turnout underscores Riyadh’s growing reputation as a global hub for innovation and sustainability. These developments highlight Saudi Arabia’s confident progress toward realizing Vision 2030, which aims to build smart, sustainable cities and communities that attract global investments and enhance the quality of life.
