ROSHN Reveals Saudi Urban Transformation at MIPIM Real Estate Conference

ROSHN Reveals Saudi Urban Transformation at MIPIM Real Estate Conference
TT

ROSHN Reveals Saudi Urban Transformation at MIPIM Real Estate Conference

ROSHN Reveals Saudi Urban Transformation at MIPIM Real Estate Conference

ROSHN Group, Saudi Arabia’s leading real-estate developer and PIF-owned giga-project, showcased the Kingdom of Saudi Arabia’s urban transformation at the world-leading International Real Estate Professional Marketplace (MIPIM) in Cannes, France.

ROSHN said it attended as part of the largest-ever Saudi delegation to the event.

MIPIM, the world’s premier real-estate conference, brings together the most influential stakeholders across the industry. Throughout the four-day event, ROSHN’s booth in the Invest Saudi pavilion highlighted its unique value proposition and growth potential as the Kingdom’s future-focused, multi-asset developer of transformative mixed-use real estate, SPA reported.

ROSHN’s representatives also participated in panel discussions, sharing their insight and expertise with industry peers.

According to the statement, ROSHN’s strategic presence at MIPIM underscores its role as a critical enabler of Vision 2030 through sustainable, future-facing urban transformation that supports economic diversification, job creation, and boosts quality of life.

Taking an active role at the event, ROSHN further enhanced its position as a trusted global partner of choice for international investors looking to collaborate with a leading Saudi giga-project with one of the most diversified portfolios in the region.

Held at the Palais des Festival in Cannes on March 12-15, MIPIM welcomed more than 25,000 delegates, 6,500 investors, and over 300 exhibitors from 90 countries. This year’s event was designed to anticipate future trends through prospective information and the insights of top decision-makers, facilitating discussions on key themes such as urban development, sustainability, and innovation in the real-estate sector.



Gold Drops Nearly 2% on Profit-booking, Trump's Treasury Secretary Pick

FILE PHOTO: Gold bullions are displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su/File Photo
FILE PHOTO: Gold bullions are displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su/File Photo
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Gold Drops Nearly 2% on Profit-booking, Trump's Treasury Secretary Pick

FILE PHOTO: Gold bullions are displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su/File Photo
FILE PHOTO: Gold bullions are displayed at GoldSilver Central's office in Singapore June 19, 2017. REUTERS/Edgar Su/File Photo

Gold dropped nearly 2% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next US Treasury secretary.
Spot gold was down 1.8% at $2,664.53 per ounce, as of 0619 GMT, after declining more than 2% earlier in the session. Bullion had hit its highest since Nov. 6 earlier in the day.
US gold futures shed 1.7% to $2,666.40.
Gold's five-session rally has paused due to some profit-taking and Donald Trump's pick of Bessent as the next US Treasury secretary, hinting at tempered use of tariffs and easing US-China trade uncertainty, said IG market strategist Yeap Jun Rong.
President-elect Trump has floated the idea of a 60% tariff on Chinese goods and at least a 10% levy on all other imports.
Gold is considered a safe investment during times of economic and political uncertainty.
Investors are also awaiting minutes of the Federal Reserve's November meeting, GDP data (first revision), and core PCE figures, all due this week.
Traders currently see a 56% chance of another 25-basis-point rate cut in December, compared to 62% last week, according to the CME Fedwatch tool.
Recent less dovish signals from US policymakers suggest any unexpected rise in inflation could strengthen expectations of a rate hold in December, Rong said.
Higher interest rates tend to make gold less appealing, as they yield no interest.
Some Fed policymakers last week expressed concerns that inflation progress may have stalled, advocating for caution, while others emphasized the need for continued rate cuts.
On the geopolitical front, Hezbollah fired heavy rockets at Israel on Sunday, following an Israeli airstrike that killed at least 29 in Beirut. There were reports of damage near Tel Aviv.
Spot silver fell 2.2% to $30.63 per ounce, platinum was down 1.2% to $952.00 and palladium slipped 1% to $998.88.