Invest Saudi at Expo Real
Saudi Arabia’s plethora of projects, plans, presentations and investment opportunities captured the attention of more than 5,000 delegates during Expo Real, where Invest Saudi exhibited for the first time.
Senior representatives from the Ministry of Investment (MISA), Real Estate General Authority (REGA), New Murabba, Diriyah and Roshn addressed investors, developers, media and more at the event, which took place in Munich, Germany, 7-9 October.
Invest Saudi headed a high-level seminar on how Saudi’s giga projects are redefining KSA’s economy through Vision 2030 and beyond. The discussion, led by Fahad AlHashem, Assistant Deputy Minister Investment Development at the Saudi Ministry of Investment, was attended by more than 100 delegates. Leadership from New Murabba, Diriyah and Roshn also took part. (pic attached).
Fahed AlHashem, Assistant Deputy Minister Investment Development at MISA, said that a key objective of Vision 2030 is to get inflows of foreign direct investment to hit 5.7 per cent of GDP. “The scale of the projects we have is of a 100 times magnitude of what you see anywhere else. We are firm believers in partnerships and are committed to attending events like Expo Real to connect with industry leaders and showcase our innovations and plans,” he said.
New Murabba Chief Development Officer Carl Schibrowski said that the company is “casting its net very wide” when it comes to its investment programme, starting with securing partners for infrastructure-related projects such as transport, utilities and data centres. Next year, New Murabba’s focus will shift to investment partnerships for hospitality, residential, educational, cultural and entertainment real estate projects, including its 45,000-seater stadium.
ADVERTISEMENT
The time for investing in Saudi Arabia is now, according to Jonathan Robinson, Chief Investment Officer at DIriyah, who said: “Saudi is at a real inflexion point with development and the sky is limit offering plenty of opportunity for investment.”
ROSHN Group, also part of the Invest Saudi delegation at Expo Real, is supporting the vision of increasing housing ownership to 70 per cent. Waleed Bawaked, Senior Director, Strategy and Planning said: “We are also part of the PIF programme to unlock private sector investment locally and globally. ROSHN is set to build more than 400,000 homes, 2,400 schools and create 200,000 jobs across developments that will span over 200 million square metres.”