Riyadh, November 15: RIKAZ, a prominent real estate developer, is making a significant impact at the Cityscape Global Exhibition, held from November 11-14 at the Riyadh Exhibition and Conference Center, Malham. The event, themed “Future of Life,” highlights RIKAZ’s expansive portfolio and ambitious vision aligned with Saudi Arabia’s Vision 2030.
Occupying over 425 square meters, RIKAZ’s booth showcases its residential, commercial, logistical, and hospitality projects. A dedicated section features “ZAYA,” a newly launched subsidiary, reflecting the company’s growth strategy. The booth offers an interactive experience, emphasizing integrated community development.
Major Agreements in Hospitality: During the exhibition, RIKAZ signed agreements worth SAR 440 million, reinforcing its commitment to the hospitality sector:
Kerten Hospitality: A partnership worth over SAR 260 million for serviced apartments in the Uptown project, introducing innovative living experiences.
SEDCO Capital: A SAR 180 million deal to establish a real estate investment fund for a hospitality project in Riyadh.
RIKAZ Chairman Highlights Vision: Sheikh Khaled bin Hassan Al-Qahtani, RIKAZ Chairman and CEO, lauded the exhibition as a key platform for fostering global partnerships. He emphasized the company’s dedication to creating vibrant communities and advancing the Saudi real estate market in line with Vision 2030.
“RIKAZ is committed to innovative real estate solutions that meet the aspirations of Saudi citizens, enhance quality of life, and support economic growth,” he stated.
A Growing Portfolio: With investments exceeding SAR 8 billion, RIKAZ aims to double its portfolio in the coming years, solidifying its position as a leader in the Kingdom’s real estate sector.
RIKAZ’s participation in Cityscape Global underscores its role in shaping the future of urban development in Saudi Arabia.
