{"id":91442,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/12\/cityscape-global-sees-sar-180-bn-in-announcements-agreements\/"},"modified":"2024-11-12T00:00:00","modified_gmt":"2024-11-12T00:00:00","slug":"cityscape-global-sees-sar-180-bn-in-announcements-agreements","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/12\/cityscape-global-sees-sar-180-bn-in-announcements-agreements\/","title":{"rendered":"Cityscape Global sees SAR 180 bn in announcements + agreements"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cityscape Global\u2019s first day kicked off with real estate announcements and agreements<\/strong><strong> to the tune of SAR <\/strong><strong>180 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855927533234958780\" style=\"\" rel=\"noopener\">post on X<\/a>. The National Housing Company (NHC) accounted for the lion\u2019s share of new projects, inking agreements worth upwards of <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855933010375295055\" style=\"\" rel=\"noopener\">SAR 142 bn<\/a>. The Saudi spin-off of the global real estate forum runs until Thursday, 14 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>Saudi real estate has seen USD 168 bn in investments so far this year, Saudi Municipalities and Housing Minister Majid bin Abdullah Al Hogail said at the conference.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NHC\u2019s new housing developments took center: <\/strong>The state-owned developer signed 31 agreements with 23 firms during the forum\u2019s first day at a total investment SAR 50 bn to develop 62k residential units, it said in a <a target=\"_blank\" href=\"https:\/\/nhc.sa\/media-center\/news\/47385\/\" style=\"\" rel=\"noopener\">statement<\/a>. The new developments will be distributed across Riyadh, Makkah, Madinah, and Eastern Provinces, NHC CEO Mohamed Albuty said (<a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855968613401776606\" style=\"\" rel=\"noopener\">watch, runtime: 12:12<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from NHC: <\/strong>The Housing Ministry\u2019s investment arm lined up SAR 10.5 bn in contracts for multi-use real estate developments throughout the Kingdom, including retail, hospitality, office, sports and recreation, and housing spaces, Albuty said. NHC also secured a SAR 1.4 bn agreement with Dr Sulaiman Al Habib Medical Group for healthcare facilities across four development sites, as well as an agreement with the Specialized Medical Center for a 200-bed hospital worth SAR 668.8 mn. The firm also sent a call for investors and developers, announcing open contracts for a SAR 75 bn investment pipeline set to kick off next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other agreements and announcements from day 1: <\/strong><\/p>\n<ul>\n<li>Retal Urban Development unveiled <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855973767509410044\" style=\"\" rel=\"noopener\">six new multi-use projects<\/a>, at investments worth upwards of SAR 14 bn;<\/li>\n<li>Mohammed Al Habib Real Estate announced <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855977531234738421\" style=\"\" rel=\"noopener\">a SAR 5 bn real estate project<\/a>, dubbed Enar, located in central Riyadh;<\/li>\n<li>Tilal is allocating <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855939751888502894\" style=\"\" rel=\"noopener\">SAR 6 bn to a 268k sqm mixed-use project<\/a> in Al Khobar;<\/li>\n<li>Diriyah Company <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855970189101449697\" style=\"\" rel=\"noopener\">earmarked SAR 1 bn<\/a> for investments in premium housing units, villas, and hotels in concert with the Ritz Carlton, Raffles Hotels and other brands;<\/li>\n<li>Kaden launched Jeddah Front, a 1 mn sqm project with a <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855988855650058296\" style=\"\" rel=\"noopener\">SAR 10 bn investment ticket<\/a> ;<\/li>\n<li>US-based developer <a target=\"_blank\" href=\"https:\/\/www.flow.life\/en\/\" style=\"\" rel=\"noopener\">flow<\/a> \u2014 founded in 2022 by former WeWork CEO Adam Neumann \u2014 <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855985080419967207\" style=\"\" rel=\"noopener\">launched a SAR 1.1 bn real estate fund<\/a> with Sico Capital and local developer Safa, <\/li>\n<li>Real estate developer Mountain View unveiled its <a target=\"_blank\" href=\"https:\/\/x.com\/CSGlobalKSA\/status\/1855992631496475024\" style=\"\" rel=\"noopener\">USD 320 mn 500-villa<\/a> One compound in northern Riyadh. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>National Housing Company led the pack with investments worth SAR 142 bn<\/p>\n","protected":false},"author":1,"featured_media":91443,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[3399,10,351,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-cityscape-global","tag-enterpriseam-ksa","tag-national-housing-company","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"a6400106-b737-478f-95e2-60c803d71eb9","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1033.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cityscape Global sees SAR 180 bn in announcements on real estate developments","related_issue":[91437],"teaser":"National Housing Company led the pack with investments worth SAR 142 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.bb1e05a2-7946-4d1e-b5cd-9bf857923c7a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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