His Royal Highness Prince Saud bin Nayef, Governor of the Eastern Province, inaugurated yesterday the activities of the ”Restax Eastern Real Estate Exhibition", and the Exhibitions Committee of the Council of Saudi Chambers estimated the value of the projects displayed at the exhibition at about 20 billion riyals, and the exhibition received a large number of different sectors, and the number of companies specialized in construction and real estate development reached 36 companies.

Dr.

Dr. Bassam Bodi, Vice Chairman of the Real Estate Committee at the Eastern Chamber, attributed the lack of Gulf and Arab participation in Saudi real estate exhibitions to the controls and conditions of the Ministry of Commerce, which prohibited the participation of any company to market products outside Saudi Arabia, unless those companies obtain a license by it or in partnership with licensed Saudi companies, and sources report the number of Gulf participants in this exhibition only 3 participants from Kuwait and Qatar, which introduce their real estate and tourism projects.

The number of Gulf participants in this exhibition is only 3 participants from Kuwait and Qatar. Bodi added that the ministry's firm decision contributed to reducing the participation of some fictitious and manipulative companies, most of which market fictitious projects that do not exist on the ground, pointing out that there is continuous communication with the Ministry of Commerce and Industry and providing it with the number of projects displayed at the exhibition for Gulf companies in the Kingdom.

Bodi added that there is continuous communication with the Ministry of Commerce and Industry and providing it with the number of projects displayed at the exhibition for Gulf companies in the Kingdom.