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Rohan Marwaha, MD, Cityscape and Jarallah M. Al Amra, GM - Projects, Sumou Holdings |
Details of the continuing property surge in Saudi civil construction market were revealed at Cityscape Dubai where the latest addition to the world's largest international business-to-business property development brand, Cityscape Saudi Arabia, was announced. According to the latest analysis, More than 285 civil construction projects in excess of $260 billion are currently underway or in design in Saudi Arabia.
Rohan Marwaha, MD, Cityscape, said, "The Cityscape portfolio now encompasses most of the world with ten separate events. Cityscape Saudi Arabia is a natural addition. Investment in real estate is at an earlier stage in the cycle and has not matured to the same extent as other regional countries."
Cityscape Saudi Arabia will be held from June 14-16, 2009 at the Jeddah International Exhibition Centre. The Proleads database of active civil projects under construction or in design in dramatically illustrates the extent of the continuing boom in Saudi Arabia's property development industry with the top ten alone valued at over $200 billion.
