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19th Real Estate Development Summit Highlights Saudi Arabia’s $2 Trillion Growth Vision

The 19th Real Estate Development Summit Saudi Arabia – Luxury Edition concluded after two days of high-level discussions, deal-making and strategic collaboration, bringing together more than 800 global leaders and investors shaping the Kingdom’s fast-evolving real estate landscape.

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Held under the theme “Together Towards Tomorrow”, the summit highlighted Saudi Arabia’s expanding real estate pipeline, now exceeding $2 trillion, driven by Vision 2030 reforms and large-scale urban development.

The event marked the launch of a dedicated investment track, attracting over 200 global investors, and introduced a net-zero initiative in partnership with VCM to promote carbon reduction and sustainability across future developments.

Industry leaders discussed key trends including mixed-use developments, high-density urban living, sustainability, digital transformation and localisation of manufacturing. Major announcements included the launch of Midea Shaker Company to boost local production, alongside projects supporting giga-developments such as NEOM, the Red Sea and Qiddiya.

Experts also highlighted the growing role of design, culture and technology in shaping modern cities, with discussions spanning human-centric architecture, biotechnology-driven urban solutions and experiential real estate.

Market insights revealed strong sector performance, with real estate contributing around 12 percent to Saudi Arabia’s GDP and Riyadh’s office market nearing full occupancy. Several high-profile deals were announced, including mixed-use and hospitality projects in Jeddah, underscoring sustained investor confidence.

The summit concluded with industry awards and the launch of the Future Minds Programme, reinforcing Saudi Arabia’s ambition to position itself as a global hub for innovative, sustainable and investment-led real estate development.

Arslan Siddiqui

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