Cityscape Global 2025 opened in Riyadh this week with $43 billion in real estate agreements announced during the first two days, underscoring Saudi Arabia’s accelerating urban transformation and growing investor confidence in the Kingdom’s real estate sector.
The event, held under the theme “The Future of Urban Living,” was inaugurated by Majed bin Abdullah Al Hogail, Minister of Municipalities and Housing, Kingdom of Saudi Arabia, who emphasized Saudi Arabia’s real estate growth and rising global prominence in urban development. The minister noted that the Kingdom’s five major cities will require more than 1.5 million housing units by 2030, including 731,000 in Riyadh alone.
Rachel Sturgess, Senior Vice President at Tahaluf, the event organizer, emphasized the exhibition’s expanding reach. She noted that approximately 47 to 48 percent of exhibitors come from international markets. India has emerged as a key priority market, particularly for property technology (proptech) and sustainability companies. Sturgess highlighted that India’s participation has seen significant growth, with Indian proptech firms, which use digital technology to enhance real estate transactions, property management, and building operations, feeding into Saudi Arabia’s rapidly developing urban ecosystem. She emphasized that India’s technological expertise is particularly crucial as Saudi Arabia’s real estate sector demands advanced innovation.
The event also features on-site property sales and a consumer element, creating a multifaceted platform that continues to grow each year.Sturgess stated that the scale of investment announced at Cityscape Global demonstrates the sector’s confidence in Saudi Arabia’s long-term urban development vision, showcasing how Cityscape Global continues to function as a leading platform for translating investment deals into tangible projects and economic opportunity.
King Salman Park Foundation revealed $1 billion in new development value, with CEO George Tanasijevich noting that the investment reflects continued progress toward King Salman Park in Riyadh, set to become the world’s largest urban park covering more than 16 square kilometers, seven times the size of London’s Hyde Park and five times that of New York’s Central Park. The project integrates residential, cultural, environmental, and commercial features into a comprehensive urban destination. Ajdan confirmed projects valued at $3.1 billion with over 950,000 square meters of mixed-use destinations, including Sports Boulevard, Khobar Pier, Ajdan Towers and Grand Square.
The event is sponsored by the Ministry of Municipalities and Housing in partnership with the Real Estate General Authority, Vision 2030, and the Housing Program. Cityscape Global has accelerated opportunities for collaboration and investment in Riyadh and continues to support national development objectives by bringing global expertise to Saudi Arabia.
