More than 50 local and international companies will showcase their products and services at the Cityscape Riyadh, a leading real estate event which opens tomorrow (December 10).

The fourth annual 'Riyadh Urban Development and Real Estate Investment' event will run till December 12 at the Riyadh Exhibition Centre.

The event will provide an opportunity for companies in the field of real estate planning and development, architecture and financers, to network with international investors and decision makers from the private and public sector, said the organisers in a statement.

Alongside the show, the Riyadh Real Estate Summit will also be held bringing together regional and international leaders to discuss the city’s real estate growth and the challenges facing the industry in the kingdom.

Dr Abdullah bin Mahfouz, chairman of the organiser - National Exhibitions Company, said: “Interest in the kingdom’s mega development projects is truly global with attendees coming from all over the world, while what is going on in Riyadh - now in the future - is exciting the interest of the local population.”

Recent studies revealed that, rather than buildings, villa and apartment blocks, the kingdom is in need of more integrated elevated lifestyle environment for the middle income class.

In line with this, the summit will discuss the argument for investing in communities instead of building, said the organiser.

The summit will also discuss the driving forces for the evolving Riyadh and greater region; new real estate opportunities created by the kingdom's infrastructure initiatives; new urbanism in Saudi; ways to improve construction contracting on real estate projects; risk management for large scale developments in the kingdom; ways to combat recent labour shortages; and boost investment returns for real estate in Saudi Arabia. - TradeArabia News Service