The Saudi Investment Promotion Authority (SIPA) has signed a memorandum of understanding (MoU) to host MIPIM Middle East in Riyadh, in partnership with RX Arabia.
The exhibition is scheduled to take place on October 20 and 21, reflecting the growing stature of the Kingdom of Saudi Arabia as a regional and global hub for real-estate and infrastructure investment.
MIPIM Middle East will bring together the international real estate and investment community with key policy makers and project owners from across the Middle East, attracting the global capital needed to realise the region’s ambitious development visions.
The SIPA MoU outlines a strategic and long-term partnership between the two parties, with the primary goal of hosting an impactful exhibition in Riyadh later this year.
According to the statement, the agreement also paves the way for future initiatives and events, with the potential for expansion to other key cities across the Kingdom, fostering widespread collaboration and engagement in the years to come.
Furthermore, it will create investment opportunities, accelerate urban development, and support the Kingdom’s ambitious growth objectives.
SIPA Chief: MIPIM Riyadh to Bolster Business Relations
SIPA Chief Executive Khaled Al-Khattaf explained that the memorandum embodies the commitment of the Kingdom’s investment ecosystem to developing the investment environment, enhancing its competitiveness, and supporting rapid growth in the real-estate and infrastructure sectors.
Al-Khattaf affirmed that hosting the exhibition in Riyadh strengthens the Kingdom’s position as a primary gateway to regional investment opportunities and a leading global business hub, while providing a strategic platform for investors to engage directly with high-quality opportunities in the Kingdom’s real-estate sector.
