Jeddah Cityscape Jeddah 5102, which was held on 61 Jumada Al-Thani over three days at the Jeddah Center for Forums and Events, concluded last week. With the participation of more than 05 exhibitors from inside and outside the Kingdom

Partnerships with "Housing"

Ewan International Housing, the founding sponsor, announced that it has entered into a strategic partnership with the Ministry of Housing, through which it has contributed to the qualification of developers for the mega housing project recently launched by the Ministry of Housing, which it intends to develop in the north of Jeddah, while part of the contract to develop the project was awarded to the company.

The exhibition witnessed the announcement of Ewan International Housing Company, the founding sponsor, that it has entered into a strategic partnership with the Ministry of Housing.

North Jeddah Housing Project

The new project, which will be located south of King Abdullah Sports City, will include 4,200 housing units and is expected to be delivered within two years. Within a month, the design will be approved and marketed to the 100,000 beneficiaries previously approved by the ministry, some of whom will be nominated to benefit from the developed units.

The new project will be located south of King Abdullah Sports City.

Ministry of Commerce

The Ministry of Commerce, through its pavilion at the exhibition, reviewed the off-plan sales program and introduced the projects supervised by the ministry, which exceeded 17 thousand real estate units in various regions of the Kingdom, valued at about 20 billion riyals, in addition to knowing the necessary procedures for off-plan sales licenses for raw lands and foreign real estate marketing licenses.

The Ministry of Commerce

Infrastructure Dialogue Session

Dr. Abdul Kader Amir, General Manager of Shamayel, acknowledged in the second day's dialogue session that it may be impossible to undertake real estate development, especially residential development, without infrastructure in place or at least under construction. The panelists agreed on the importance of defining what infrastructure is so that developers can estimate its impact on the price of the project before starting the implementation phase. They pointed out that public-private partnerships should be developed to share the burden of infrastructure development, from water and electricity to public transportation, medical facilities, schools, and other vital and key facilities that any real estate project needs.

Neil Tobin, COO of SEDCO Development, said that estimating infrastructure costs is relatively easy when the project is inside the city of Jeddah, but it becomes increasingly difficult to impossible to estimate as we head outside Jeddah, especially in mega projects currently being developed on the outskirts of the city, until project implementation is already in full swing.

Neil Tobin, COO of SEDCO Development, said that estimating infrastructure costs is relatively easy when the project is inside the city of Jeddah.

Wide presence of banks

Opportunities at the show include competitive financing offers by Saudi banks for visitors to the Kingdom's premier real estate event.

Opportunities at the show include competitive financing offers by Saudi banks.

Bank Al Jazira

Bank Al Jazira, as part of its participation in the activities of the exhibition, has allocated ideal and distinctive offers in specialized mortgage programs that vary to meet the financing needs of all segments on easy terms, based on the bank's keenness to provide the best Sharia-compliant financing services to its customers, and to meet the needs of the community, the top priority of which is the ownership of suitable housing. This is in addition to three prizes worth thirty thousand riyals each, consisting of a voucher from "ID Design" stores.

National Bank

Al Ahli Bank offered several exceptional and unique financing features and solutions designed to suit all customers' needs in accordance with the provisions of Islamic Shari'ah. Among the most prominent offers offered by the bank are immediate approval and a competitive profit margin, in addition to other solutions and a full explanation for its customers about real estate financing.

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Al Rajhi Bank

Al Rajhi Bank offered its customers several options to obtain suitable financing according to the customer's need and solvency, such as financing against the mortgage of the property owned by the customer either depending on the salary transferred to the bank or relying on the income of the property as a source of repayment, financing for the purchase of a real estate Life insurance coverage for real estate finance customers, personal finance and real estate finance at the same time, additional financing for Real Estate Development Fund customers in all cities of the Kingdom, and financing for the purchase of residential real estate units (lands/villas/apartments).