Saudi minister inaugurates Cityscape, announces $43bn in deals

Al-Hogail emphasized that the Cityscape exhibition has become a global Saudi platform embodying the urban, architectural, and economic development achieved by the Kingdom, SPA
Short Url
Updated 17 November 2025
Follow

Saudi minister inaugurates Cityscape, announces $43bn in deals

RIYADH: Saudi Arabia’s Minister of Municipal and Rural Affairs and Housing inaugurated the Cityscape Global 2025 exhibition in Riyadh, held under the theme “The Future of Urban Living,” with broad participation from developers, investors, and experts from various countries around the world. 

At the beginning of his speech, Majid Al-Hogail thanked the Kingdom’s leadership for the unlimited support and empowerment provided to the municipal and real estate sectors, which enhanced the Kingdom’s status as a global model in urban development and cemented the journey of national transformation, in line with Saudi Vision 2030. 

Al-Hogail emphasized that the Cityscape exhibition has become a global Saudi platform embodying the urban, architectural, and economic development achieved by the Kingdom, offering investors qualitative opportunities to build smart cities and urban communities that are human-centric first and foremost. 

He pointed to the fundamental shift in the role of the Saudi and international real estate developer, who has become a key partner in building modern cities.  

The minister clarified that the contribution of construction and real estate activities reached 13.8 percent of the gross domestic product by the second quarter of 2025, in addition to the sector’s direct impact on the job market. He noted that construction, building, and real estate activities contributed approximately 15.5 percent to the total employment in the Kingdom. 

He explained that the five major cities will need more than 1.5 million housing units by 2030, including 731,000 units in Riyadh alone, confirming the Kingdom’s position as the largest urban development market in the region. 

The minister announced the signing of real estate agreements and deals exceeding SR161.2 billion ($42.3 billion) in the first two days of the exhibition, a record figure reflecting the strength and vitality of the Saudi real estate market.  

He confirmed that the coming days will witness more deals and contracts, given the high demand from local and international investors and the ongoing momentum of urban projects in the Kingdom. 

The minister outlined that real estate financing in the Kingdom has seen accelerated growth and significant maturity, with the volume of real estate loans for individuals and companies reaching approximately SR961 billion by the second quarter of 2025. This has helped raise the homeownership rate among citizens to over 65 percent by the end of 2024. 

Al-Hogail reviewed the evolution of the financing ecosystem, which includes subsidized loans, real estate funds, and institutional financing, in addition to FinTech and PropTech solutions that have provided more diverse and attractive options for investors. 

He stated that the legislative environment has become more attractive and transparent, as inbound foreign direct investment flows into the construction, building, and real estate activities sectors constituted 15.27 percent of the total in 2024.  

He also indicated that the updated regulations for foreign ownership have boosted investor confidence and opened the door wide for global companies to invest in special economic zones and cities. 

Al-Hogail affirmed that the General Real Estate Authority is working on introducing three key indicators, including price inflation, rent-to-income ratio, and vacancy rate, which will be made available to the market during 2026 to enable investors to track price balance and understand market movements more accurately. 

Regarding real estate technologies, the minister emphasized that the Saudi real estate sector has transformed into a distinctly digital sector, adopting PropTech solutions, using Artificial Intelligence, modern building methods, and Augmented Reality experiences in planning and project management. 

He revealed the completion of the first tokenization of a real estate ownership deed in the Kingdom and its trading among investors under the supervision of the General Real Estate Authority, in addition to launching the first global standards for tokenizing real estate ownership. This makes the Kingdom one of the first countries to build a digital infrastructure for real estate that is directly linked to official records before any transaction is conducted. 

He explained that this transformation will expand the investor base, increase market liquidity, accelerate the financing of development projects, and enable startups to innovate new solutions in property management, facilities, and smart contracts. 

In conclusion, Al-Hogail stressed that the exhibition represents a national platform reflecting the Kingdom’s ambition to build smart cities and a global real estate economy based on innovation, efficiency, and sustainability.  

He indicated that the current edition of Cityscape has become a national real estate season, gathering developers and investors under one roof to see qualitative opportunities that shape the future of the sector.  

He noted the efforts made to make the exhibition a success and the contributions of the participants and speakers, calling for continued work to enhance the quality of life and build an urban future worthy of the Kingdom’s ambitions. 


Saudi Arabia looks to Swiss-led geospatial AI breakthroughs

Updated 12 December 2025
Follow

Saudi Arabia looks to Swiss-led geospatial AI breakthroughs

  • IBM’s Zurich lab is shaping tools policymakers could use to protect ecosystems

ZURICH: For Gulf countries such as Saudi Arabia, AI-powered Earth observation is quickly becoming indispensable for anticipating climate risks, modeling extreme weather and protecting critical national infrastructure. 

That reality was on display inside IBM’s research lab in Zurich, where scientists are advancing geospatial AI and quantum technologies designed to help countries navigate a decade of accelerating environmental volatility.

The Zurich facility — one of IBM’s most sophisticated hubs for climate modeling, satellite analytics and quantum computing — provides a rare look into the scientific foundations shaping how nations interpret satellite imagery, track environmental change and construct long-term resilience strategies. 

Entrance to IBM Research Europe in Zurich (left); inside IBM’s hardware development lab, (top, right); and IBM’s Diamondback system. (AN Photos by Waad Hussain)

For Saudi Arabia, where climate adaptation, space technologies and data-driven policy align closely with Vision 2030 ambitions, the lessons emerging from this work resonate with growing urgency.

At the heart of the lab’s research is a shift in how satellite data is understood. While traditional space programs focused largely on engineering spacecraft and amassing imagery, researchers say the future lies in extracting meaning from those massive datasets. 

As Juan Bernabe-Moreno, director of IBM Research Europe for Ireland and the UK, notes, satellites ultimately “are gathering data,” but real impact only emerges when institutions can “make sense of that data” using geospatial foundation models.

r. Juan Bernabe Moreno, Director of IBM Research Europe for Ireland and the UK/(AN Photo by Waad Hussain)

These open-source models allow government agencies, researchers and local innovators to fine-tune Earth-observation AI for their own geography and environmental pressures. Their applications, Bernabe-Moreno explained, have already produced unexpected insights — identifying illegal dumping sites, measuring how mangrove plantations cool cities, and generating flood-risk maps “for places that don’t usually get floods, like Riyadh.”

The relevance for Saudi Arabia is clear. Coastal developments require precise environmental modeling; mangrove restoration along the Red Sea is a national priority under the Saudi Green Initiative; and cities such as Riyadh and Jeddah have recently faced severe rainfall that strained existing drainage systems. 

Opinion

This section contains relevant reference points, placed in (Opinion field)

The ability to simulate these events before they unfold could help authorities make better decisions about zoning, infrastructure and emergency planning. Today’s satellites, Bernabe-Moreno said, provide “an almost real-time picture of what is happening on Earth,” shifting the challenge from collecting data to interpreting it.

This push toward actionable intelligence also reflects a larger transformation in research culture. Major advances in Earth observation increasingly depend on open innovation — shared data, open-source tools and transparent models that allow global collaboration. “Open innovation in this field is key,” Bernabe-Moreno said, noting that NASA, ESA and IBM rely on openness to avoid the delays caused by lengthy IP negotiations.

Scientific posters inside IBM’s research facility showcasing decades of breakthroughs in atomic-scale imaging and nanotechnology. (AN Photo by Waad Hussain)

Saudi Arabia has already embraced this direction. Through SDAIA, KAUST and national partnerships, the Kingdom is moving from consuming global research to actively contributing to it. Open geospatial AI models, researchers argue, give Saudi developers the ability to build highly localized applications adapted to the region’s climate realities and economic priorities.

Beyond Earth observation, IBM’s Zurich lab is pushing forward in another strategic frontier: quantum computing. Though still in its early stages, quantum technology could reshape sectors from logistics and materials science to advanced environmental modeling. 

Alessandro Curioni, IBM Research VP for Europe and Africa and director of the Zurich lab, stressed that quantum’s value should not be judged by whether it produces artificial general intelligence. Rather, it should be viewed as a tool to expand human capability. 

 Dr. Alessandro Curioni, VP of IBM Research Europe and Africa & Director of IBM Research Zurich/ (AN Photo by Waad Hussain)

“The value of computing is not to create a second version of myself,” he said, “it’s to create an instrument that allows me to be super-human at the things I cannot do.”

Curioni sees quantum not as a replacement for classical computing but as an extension capable of solving problems too complex for traditional machines — from simulating fluid dynamics to optimizing vast, interdependent systems. But he cautioned that significant challenges remain, including the need for major advances in hardware stability and tight integration with classical systems. Once these layers mature, he said, “the sky is the limit.”

DID YOU KNOW?

• Modern satellites deliver near real-time views of Earth’s surface.

• Geospatial foundation models transform vast satellite datasets into clear, actionable insights.

• These tools can produce flood-risk maps for cities such as Riyadh, analyze how mangroves cool urban areas, and even detect illegal dumping sites.

Saudi Arabia’s investments in digital infrastructure, sovereign cloud systems and advanced research institutions position the Kingdom strongly for the quantum era when enterprise-ready systems begin to scale. Curioni noted that Saudi Arabia is already “moving in the right direction” on infrastructure, ecosystem development and talent — the three essentials he identifies for deep research collaboration.

His perspective underscores a broader shift underway: the Kingdom is building not only advanced AI applications but a scientific ecosystem capable of sustaining long-term innovation. National programs now include talent development, regulatory frameworks, high-performance computing, and strategic partnerships with global research centers. Researchers argue that this integrated approach distinguishes nations that merely adopt technology from those that ultimately lead it.

Inside IBM’s hardware development lab, where researchers prototype and test experimental computing components. (AN Photo by Waad Hussain)

For individuals as much as institutions, the message from Zurich is clear. As Curioni put it, those who resist new tools risk being outpaced by those who embrace them. Generative AI already handles tasks — from literature reviews to data processing — that once required days of manual analysis. “If you don’t adopt new technologies, you will be overtaken by those who do adopt them,” he said, adding that the goal is to use these tools “to make yourself better,” not to fear them.

From geospatial AI to emerging quantum platforms, the work underway at IBM’s Zurich lab reflects technologies that will increasingly inform national planning and environmental resilience. 

For a country like Saudi Arabia — balancing rapid development with climate uncertainty — such scientific insight may prove essential. As researchers in Switzerland design the tools of tomorrow, the Kingdom is already exploring how these breakthroughs can translate into sustainability, resilience and strategic advantage at home.