Riyadh real estate expo sees over $29bn deals signed

Cityscape Global Exhibition largest of its type in the world. (SPA)
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Updated 14 September 2023
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Riyadh real estate expo sees over $29bn deals signed

  • Cityscape Global Exhibition largest of its type in the world
  • Kingdom’s housing body to construct homes worth $1.01bn

RIYADH: The Cityscape Global Exhibition, held at the Riyadh International Exhibition and Convention Center this week, saw deals signed worth over SR110 billion ($29 billion), the Saudi Press Agency reported on Thursday.

Organized by Tahaluf, a company under the umbrella of the Saudi Federation for Cyber Security, Programming and Drones, had over 350 exhibitors, more than 10,000 international investors, 300 speakers, and 160,000 visits.

Faisal Al-Khamissi, board chairman of the SAFCSP, which is the founding partner of Tahaluf, said Crown Prince Mohammed bin Salman was the inspiration for holding the event.

Al-Khamissi said that one of the significant outcomes of the gathering, which ended Wednesday, was that over 3,800 housing units were booked for construction through the National Housing Company, worth SR3.8 billion ($1.01 billion).

He said the indirect economic impact on Riyadh, including hospitality services, flights and hotels, exceeding SR94 million ($25 million). He said there has been a massive rise in applications to participate in next year’s event — four times this year’s registrations.

Al-Khamissi said Tahaluf was committed to attracting global events including the Black Hat cybersecurity conference and exhibition, while introducing new Saudi brands such as LEAP — with five such gatherings already planned for the next two years.

He lauded the support of the Ministry of Municipal and Rural Affairs and Housing, represented by Minister Majid bin Abdullah Al-Hogail and Deputy Minister Abdullah bin Mohammed Al-Budair.

The Cityscape Global Exhibition is considered the largest real-estate gathering of its type in the world.


Cruise Saudi strengthens global ties as Celestyal makes maiden calls to Jeddah

Updated 10 December 2025
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Cruise Saudi strengthens global ties as Celestyal makes maiden calls to Jeddah

JEDDAH: Saudi Arabia is accelerating its push to become a global cruise hub, with Cruise Saudi — a wholly owned Public Investment Fund subsidiary — expanding international partnerships to draw more travelers to the Kingdom’s Red Sea and Arabian Gulf ports.

The latest milestone came as award-winning Greek cruise line Celestyal completed its first-ever calls to Jeddah, signaling rising global interest in Saudi Arabia’s cultural and natural attractions.

The visits form part of Cruise Saudi’s strategy to build a year-round cruise ecosystem that supports tourism growth, boosts local supply chains, and contributes to the Kingdom’s broader economic diversification.

Three UNESCO World Heritage Sites — AlUla, Jeddah Historic District, and Al-Ahsa Oasis — are now accessible by sea, with curated shore excursions designed to deepen visitor engagement.

Cruise Saudi aims to welcome 1.3 million cruise passengers annually by 2035, creating 50,000 direct and indirect jobs and positioning the Kingdom as a premier international cruise destination.

The 1,360-passenger Celestyal Discovery arrived in Jeddah on Dec. 5, following the 1,260-passenger Celestyal Journey, which made its maiden call on Nov. 29. The Journey concluded a seven-night Athens–Jeddah itinerary with stops in Turkiye and Egypt, marked by a traditional plaque exchange ceremony attended by Cruise Saudi executives, port officials and Celestyal representatives.

Passengers were welcomed with traditional Saudi hospitality and toured Jeddah’s historic Al-Balad district, bustling souks, and cultural sites. Some Muslim travelers also visited Makkah to perform Umrah.

“We are honored to celebrate our maiden call in Jeddah alongside our partners at Cruise Saudi, marking the beginning of a long and effective relationship,” said Lee Haslett, chief commercial officer at Celestyal.

He added that Jeddah’s role as “the cultural heart of Saudi Arabia” presents strong potential for cruise tourism.

Barbara Buczek, chief destination experiences officer at Cruise Saudi, told Arab News: “This maiden Red Sea sailing highlights the strong appeal of the region and aligns with Cruise Saudi's commitment to developing seamless, high-quality cruise experiences in Saudi Arabia.”

She noted that Celestyal’s expanded itineraries reflect rising demand for distinctive Red Sea and Arabian Gulf voyages.

Since its launch in 2021, Cruise Saudi has activated five cruise ports, introduced Aroya Cruises, the Kingdom’s first homegrown cruise line, and established Aman at Sea, an ultra-luxury JV with Aman Group set to launch in 2027. The company manages the full value chain — from terminals and berths to curated excursions — and has already welcomed more than 600,000 passengers of over 120 nationalities.

Celestyal, which carries more than 140,000 passengers annually across two refurbished vessels, is aligning with the Kingdom’s Vision 2030 ambition to transform coastal tourism. After departing Jeddah, both Celestyal ships continued to Abu Dhabi to begin the company’s second Arabian Gulf season.

Aroya Cruises has also launched a new seasonal program featuring stops in Mykonos, Athens, Crete, and coastal cities in Turkiye, expanding on a successful inaugural season that attracted over 95,000 guests.

The growing activity underscores Saudi Arabia’s emergence as a world-class cruise destination, supported by modern infrastructure, expanding routes, and experiences that highlight the Kingdom’s culture, heritage and hospitality.