عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Cityscape Global Returns to Riyadh in November under the Theme 'The Future of Living'

Cityscape Global Returns to Riyadh in November under the Theme 'The Future of Living'
TT
TT

Cityscape Global Returns to Riyadh in November under the Theme 'The Future of Living'

Cityscape Global Returns to Riyadh in November under the Theme 'The Future of Living'

Riyadh will host the second edition of Cityscape Global, the region’s leading real estate event, in November.

Organized by Saudi Arabia’s Tahaluf, the event is set to be the biggest in the international series’ history.

Taking place from November 11-14 at the Riyadh Exhibition and Convention Center, Malham, Cityscape Global 2024 will be held under the theme "The Future of Living". It will be sponsored by the Ministry of Municipalities and Housing and supported by the General Real Estate Authority and Housing Program, said Tahaluf in a statement on Tuesday.

With a heightened B2B and investment focus for its second edition in Saudi Arabia, Cityscape Global 2024 is poised to retain its standing as the largest property showcase of its kind globally, with over 400 exhibitors, 500 speakers, and seven conferences.

This year, Tahaluf has added additional sector profiles to the Cityscape Global line-up. Joining the portfolio are Stadiums and Attractions, Sustainable Smart Buildings, Smart Hotels, and Developers, in addition to Smart Cities focus throughout the event with a dedicated conference and tech zone.

Cityscape Global will be a platform for international collaboration and knowledge exchange aimed at developing sustainable and future-proof cities within Saudi Arabia and beyond.

"Saudi Arabia's real estate landscape is undergoing an enormous transformation driven by Vision 2030. The comprehensive strategy for the real estate sector aims to achieve the goals of the vision by building a prosperous and solid economy and vibrant, integrated communities in an ambitious nation," said Minister of Municipalities and Housing Majed bin Abdullah Al-Hogail.

Cityscape Global is a major catalyst for this transformation in the real estate sector, as this huge event brings together investors, developers, and industry leaders to showcase and discover major real estate projects and enhance international cooperation between companies operating in the sector, in an effort to create a bright future where opportunities and prosperity are within everyone’s reach, said the statement.

Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) Board of Directors Chairman Faisal bin Saud Al-Khamisi said: "Our goal at Cityscape Global 2024 is to align with the Vision 2030 set by Crown Prince Mohammed bin Salman for the housing sector."

"We aim to attract investors, developers, innovators, and stakeholders from around the world to showcase their projects, exchange knowledge, establish partnerships, and collaborate in building the cities of tomorrow at the international, regional, and local levels. Our objective is to create a significant advancement in the future of urban life," he added.

The largest Cityscape-branded event in history will incubate investment opportunities through a dedicated investors program and tailored networking opportunities, while also showcasing the intelligent infrastructure, technology-driven solutions, and data-driven planning needed to create efficient, sustainable, and livable urban environments.

Cityscape Global will also highlight Saudi Arabia's sports infrastructure development, emphasizing the eight newly announced stadiums, and will feature a special segment dedicated to stadiums and mega events.

Last year’s edition of the event, also held in the Kingdom, attracted over 300 exhibitors, 55% of which were international, in addition to 160,000 visitors from over 170 countries and more than 10,000 international investors.

The 2023 event hosted the unveiling of $18.3 billion in Saudi-based Real Estate projects - an outcome which earned plaudits from Lord Alan Sugar, the UK entrepreneur and host of the BBC’s The Apprentice, who was a conference speaker. "I was amazed by the vision, scale, and significance of the projects being undertaken in Saudi Arabia. It is inspiring," said Lord Sugar.

Cityscape Global is organized by Tahaluf, a strategic alliance between Informa PLC, SAFCSP, and the Events Investment Fund (EIF).

Most Viewed

 
 
Business

World Bank Warns that US Tariffs Could Reduce Global Growth Outlook

WASHINGTON, DC - JANUARY 16: Workers build risers in Freedom Plaza ahead of the Inauguration on January 16, 2025 in Washington, DC. US President-elect Donald Trump and Vice President-elect former Sen. JD Vance (R-OH) will be sworn in on January 20. Kayla Bartkowski/Getty Images/AFP
WASHINGTON, DC - JANUARY 16: Workers build risers in Freedom Plaza ahead of the Inauguration on January 16, 2025 in Washington, DC. US President-elect Donald Trump and Vice President-elect former Sen. JD Vance (R-OH) will be sworn in on January 20. Kayla Bartkowski/Getty Images/AFP
TT
TT

World Bank Warns that US Tariffs Could Reduce Global Growth Outlook

WASHINGTON, DC - JANUARY 16: Workers build risers in Freedom Plaza ahead of the Inauguration on January 16, 2025 in Washington, DC. US President-elect Donald Trump and Vice President-elect former Sen. JD Vance (R-OH) will be sworn in on January 20. Kayla Bartkowski/Getty Images/AFP
WASHINGTON, DC - JANUARY 16: Workers build risers in Freedom Plaza ahead of the Inauguration on January 16, 2025 in Washington, DC. US President-elect Donald Trump and Vice President-elect former Sen. JD Vance (R-OH) will be sworn in on January 20. Kayla Bartkowski/Getty Images/AFP

The World Bank on Thursday warned that US across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of their own.
Such tariffs, promised by US President-elect Donald Trump, could cut US growth - forecast to reach 2.3% in 2025 - by 0.9% if retaliatory measures are imposed, the bank said, citing economic simulations. But it noted that US growth could also increase by 0.4 percentage point in 2026 if US tax cuts were extended, it said, with only small global spillovers.
Trump, who takes office Monday, has proposed a 10% tariff on global imports, a 25% punitive duty on imports from Canada and Mexico until they clamp down on drugs and migrants crossing borders into the US, and a 60% tariff on Chinese goods.
The World Bank's latest Global Economic Prospect report, issued twice yearly, forecast flat global economic growth of 2.7% in 2025 and 2026, the same as in 2024, and warned that developing economies now faced their weakest long-term growth outlook since 2000, Reuters said.
The multilateral development bank said foreign direct investment into developing economies was now about half the level seen in the early 2000s and global trade restrictions were five times higher than the 2010-2019 average.
It said growth in developing countries is expected to reach 4% in 2025 and 2026, well below pre-pandemic estimates due to high debt burdens, weak investment and sluggish productivity growth, along with rising costs of climate change.
Overall output in emerging markets and development economies was expected to remain more than 5% below its pre-pandemic trend by 2026, due to the pandemic and subsequent shocks, it said.
"The next 25 years will be a tougher slog for developing economies than the last 25," World Bank chief economist Indermit Gil said in a statement, urging countries to adopt domestic reforms to encourage investment and deepen trade relations.
Economic growth in developing countries dropped from nearly 6% in the 2000s to 5.1% in the 2010s and was averaging about 3.5% in the 2020s, the bank said.
It said the gap between rich and poor countries was also widening, with average per capita growth rates in developing countries, excluding China and India, averaging half a percentage point below those in wealth economies since 2014.
The somber outlook echoed comments made last week by the managing director of the International Monetary Fund, Kristalina Georgieva, ahead of the global lender's own new forecast, to be released on Friday.
"Over the next two years, developing economies could face serious headwinds," the World Bank report said.
"High global policy uncertainty could undercut investor confidence and constrain financing flows. Rising trade tensions could reduce global growth. Persistent inflation could delay expected cuts in interest rates."
The World Bank said it saw more downside risks for the global economy, citing a surge in trade-distorting measures implemented mainly by advanced economies and uncertainty about future policies that was dampening investment and growth.
Global trade in goods and services, which expanded by 2.7% in 2024, is expected to reach an average of about 3.1% in 2025-2026, but to remain below pre-pandemic averages.