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Saudi Arabia to Host Real Estate Exhibition with Participants from 170 Countries

Visitors attend Cityscape Jeddah during a past edition of the exhibition. (SPA)
Visitors attend Cityscape Jeddah during a past edition of the exhibition. (SPA)
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Saudi Arabia to Host Real Estate Exhibition with Participants from 170 Countries

Visitors attend Cityscape Jeddah during a past edition of the exhibition. (SPA)
Visitors attend Cityscape Jeddah during a past edition of the exhibition. (SPA)

Riyadh will host the Cityscape Global exhibition from September 10 to 13.

Held under the theme “The Future of Living”, the exhibition will be sponsored by the Saudi Ministry of Municipal, Rural Affairs, and Housing and is organized by Tahaluf.

The event will gather homebuyers, property experts, designers, and real estate developers from around the world at the Riyadh International Convention and Exhibition Center.

Visitors from more than 170 countries are expected to attend, including 2,000 investors.

More than 350 exhibitors will showcase their offerings, while over 250 speakers will share insights and experiences throughout over 250 hours of sessions.

Cityscape Global showcases the best international practices in future development and construction techniques. In addition, it sheds light on the real estate legislation system.

Cityscape Global will showcase high-profile and giga projects throughout the Kingdom under one roof, such as Kuzam, Al Fursan, and Sadayem Suburbs by the National Housing Company, NEOM, Roshn, Jeddah Central Development Company, AlUla, Masar Destination, as well as local and international projects across 24 countries in the presence of the Real Estate General Authority as a regulation partner, the Ministry of Investment as an investment partner, and Tourism Development Fund as a strategic partner, and BIM Ventures as PropTech zone partner.

"We are thrilled to be hosting Cityscape Global in Riyadh, the largest real estate exhibition in the world, within which the most significant major projects under the umbrella of Vision 2030 are participating, along with quality projects from 24 countries," said Minister of Municipal, Rural Affairs, and Housing Majid Al-Hogail.

Visitors of Cityscape Global can attend seminars in the NEOM Future of Living Summit, the Real Estate Institutional Investor Forum, the Property Portfolio Forum, the PropTech stage, and the Design and Architecture area.

The event will also feature Cityscape Innovation Challenge, which allows start-ups to pitch their ideas toward creating a more innovative future, and the Cityscape Global ROSHN Hackathon, which creates competition to find qualitative solutions in the sector.

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Business

Riyadh Air Wins Approval to Operate US Flights

A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)
A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)
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Riyadh Air Wins Approval to Operate US Flights

A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)
A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026. (AFP)

Saudi Arabia's new airline Riyadh Air won the right to operate flights to and from the United States, the US Transportation Department said in an order Tuesday.

The airline launched its first London flight on its new Boeing fleet last week. Launched in 2023, Riyadh Air is Saudi Arabia's second national airline ‌after Saudia, ‌and is owned by the country's ‌Public ⁠Investment Fund.

USDOT ⁠said "the grant of this authority is consistent with the public interest."

Riyadh Air told USDOT when it sought approval last month that it intends to operate to more than 100 international destinations by 2030 and currently ⁠has or is planning partnerships with ‌at least 10 ‌international air carriers including Delta Air Lines.

Delta has said ‌it plans to begin nonstop service ‌to Riyadh from Atlanta in October.

Deliveries are set to bring its fleet to eight by the end of July, and it plans to fly ‌to 22 cities by March 2027, Riyadh CEO Tony Douglas said last ⁠week.

With ⁠up to 72 787s and as many as 60 A321neos and 50 A350s on order, Douglas calls it "the biggest global aviation startup in modern history".

The airline is part of the Kingdom's plan to diversify its economy into new industries such as tourism, logistics and technology.

Riyadh Air has announced routes to Cairo, Dubai, Jeddah, Madrid and Manchester so far, and cities in India are likely to follow, Douglas said.

Business

Exxon Mobil to Supply South Africa's First Planned LNG Terminal

AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP
AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP
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Exxon Mobil to Supply South Africa's First Planned LNG Terminal

AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP
AUSTIN, TEXAS - JUNE 16: Gas prices are displayed at an Exxon Mobil gas station on June 16, 2026 in Austin, Texas. Brandon Bell/Getty Images/AFP

Exxon Mobil has signed a preliminary deal to supply liquefied natural gas to Zululand Energy Terminal, which will be South Africa's first LNG import facility once built, the companies said on Wednesday.

The planned terminal is part of South Africa's pivot away from coal-fired power generation, which accounts for the bulk of its electricity supply.

Reuters reported in March that the Zululand Energy Terminal (ZET) hoped to strike a deal with Exxon Mobil on LNG supply.

Exxon Mobil's ⁠participation helps reinforce ⁠the importance of Richards Bay port, where ZET is being built on South Africa's east coast, as an entry point for LNG and supports plans to unlock a "competitive and sustainable gas market", said Oliver Naidu, ZET director.

Exxon Mobil has identified South Africa ⁠as a priority market and wants to grow its LNG supply to more than 40 million metric tons per annum (mtpa) by 2030.

"This agreement reflects Exxon Mobil's global LNG experience and our commitment to support South Africa's energy security with reliable supply," said Andrew Barry, chairman of ExxonMobil LNG Market Development Inc.

Earlier this month, South African state power utility Eskom signed a long-term LNG agreement with ZET that will support a planned ⁠3,000 ⁠megawatt gas-to-power plant project.

Phase 1 of the terminal includes a floating storage unit and an onshore regasification system with capacity of around 3 mtpa, or 400 million standard cubic feet of gas a day.

Phase 2, which will bring the project's total expected cost to $1 billion, will introduce extra regasification capacity and storage onshore, boosting total volumes to 4.5 mtpa, or about 600 million standard cubic feet a day, Naidu said.

Business

IEA Sees Gradual Hormuz Recovery Tipping Into Significant 2027 Surplus

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer
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IEA Sees Gradual Hormuz Recovery Tipping Into Significant 2027 Surplus

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026. REUTERS/Stringer

The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday.

The US and Iran reached an agreement to end the three-month-old war, which includes Iran reopening the Strait of Hormuz ⁠and the US lifting ⁠its naval blockade, potentially bringing an end to the largest oil supply disruption in history which shut in over 14 million barrels per day of Middle East oil output, according ⁠to the IEA.

"If the deal holds, exports and production from the Gulf should see a gradual recovery – not least because Iranian oil exports can fully resume once the US blockade is lifted," the agency, which advises industrialized countries, said.

The oil market will then enter a significant supply overhang next year, the IEA said ⁠in ⁠its first look at 2027, with global oil supply set to surge by 8 million bpd and demand rising by just 2 million bpd.

"This may provide a welcome respite to the market and an opportunity to replenish depleted inventories, or to build new strategic reserves, as countries review their energy strategies and policies in response to the crisis."