New figures from Cityscape reveal only 4% of Saudi projects cancelled or on hold

Prince Misha'al bin Majed bin Abdulaziz, the Governor of Jeddah Province, officially opened the inaugural Cityscape Saudi Arabia on Sunday.

“Launching Cityscape Saudi Arabia highlights the strength of the Saudi Arabian real estate sector as well as confidence in the wider economy. Saudi developments have been carefully planned and regulated. As such the Kingdom has managed to avoid certain pitfalls that have affected projects elsewhere in the Gulf, such as short-term investment speculation,” said Deep Marwaha, Event Director of Cityscape Saudi Arabia.

Details of a study carried out by Dubai-based Proleads research house for Cityscape were released Sunday.