RIYADH: Invest Saudi is set to showcase investment opportunities in the Kingdom at international property event MIPIM in Cannes, France, from March 12-15.
The Saudi delegation, which is set to be the largest ever to attend the event, will include representatives from government entities and giga-projects such as NEOM, Diriyah Co., and King Salman Park Foundation, as well as New Murabba, and ROSHN, according to a release by the body. They will connect with a global audience to drive more investment into the Kingdom.
Guided by the Ministry of Investment, Invest Saudi aims to highlight the Kingdom’s unprecedented investment in infrastructure, tourism transformation and destination developments that create a plethora of opportunities for investors to be part of the country’s future.
Saudi Arabia currently has more than $1.8 trillion worth of developments under construction or in the pipeline, with the real estate sector contributing 12.2 percent to the Kingdom’s non-oil gross domestic product in the third quarter of 2023. Demand for real estate is set to reach record levels as the country strives to realize its Vision 2030 agenda.
“Construction and real estate are key to turning Saudi Arabia’s Vision 2030 into a reality. At MIPIM 2024, we will demonstrate how our dramatic transformation of these sectors is redefining urban development, creating world-class destinations and providing endless opportunities for investors to be part of the Saudi Arabia of tomorrow,” Saleh Khabti, deputy minister at the Ministry of Investment of Saudi Arabia said in the release.
Invest Saudi will host three pavilions that aim to unite government entities and the projects in the Kingdom to showcase the transformation underway in the country. With more than 1,000 sq. m, of seafront space, it is Saudi Arabia’s biggest presence at MIPIM to date.
These pavilions will also host Saudi Talks, a series of live seminars, panel discussions and high-level debates with government representatives, industry leaders and real estate experts.
MIPIM 2024 is set to welcome more than 25,000 delegates, 6,500 investors and over 300 exhibitors from 90 countries.
Source: Arab News
