Cityscape Global’s first day kicked off with real estate announcements and agreements to the tune of SAR 180 bn, according to a post on X. The National Housing Company (NHC) accounted for the lion’s share of new projects, inking agreements worth upwards of SAR 142 bn. The Saudi spin-off of the global real estate forum runs until Thursday, 14 November.

DATA POINT- Saudi real estate has seen USD 168 bn in investments so far this year, Saudi Municipalities and Housing Minister Majid bin Abdullah Al Hogail said at the conference.

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NHC’s new housing developments took center: The state-owned developer signed 31 agreements with 23 firms during the forum’s first day at a total investment SAR 50 bn to develop 62k residential units, it said in a statement. The new developments will be distributed across Riyadh, Makkah, Madinah, and Eastern Provinces, NHC CEO Mohamed Albuty said (watch, runtime: 12:12).

Also from NHC: The Housing Ministry’s investment arm lined up SAR 10.5 bn in contracts for multi-use real estate developments throughout the Kingdom, including retail, hospitality, office, sports and recreation, and housing spaces, Albuty said. NHC also secured a SAR 1.4 bn agreement with Dr Sulaiman Al Habib Medical Group for healthcare facilities across four development sites, as well as an agreement with the Specialized Medical Center for a 200-bed hospital worth SAR 668.8 mn. The firm also sent a call for investors and developers, announcing open contracts for a SAR 75 bn investment pipeline set to kick off next year.

Other agreements and announcements from day 1:

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