Jeddah Real Estate Exhibition 2005
- Site: Jeddah- Exhibitions and Conferences Center
- Organizing Authority: Al-Jeel for organizing exhibitions and conferences.
- Duration: February 2005
- Sponsorship: Main
Importance of the Exhibition:
The importance of Jeddah Real Estate Exhibition in its third tour (2005) derived from the importance of the event it has witnessed which is the official announcement of establishing “Emaar Middle East” company, this huge real estate entity resulting from the partnership between the eminent “Emirati Emaar” and Al-Oula Development.
Moreover, this exhibition is connected to the city of Jeddah that is on top of the Kingdom’s cities regarding the real estate circulation movement and represents a quality hub in the world of commercial exhibitions not only on the Kingdom’s level but also on the level of the Arab countries and the Middle East region.
Goal and Fruits of the Participation:
Through its participation in the exhibition, Al-Oula Development has aimed at pumping new financings into the Saudi real estate market which has been really achieved when the “Emaar Middle East” has signed the understanding agreement with Al-Oula Development to buy a part of Al-Nakheel plan.
This opens a new page in attracting foreign investments to open new horizons and real estate investments in the Kingdom of Saudi Arabia whereas Al-Nakheel auction has achieved an unprecedented event since it was sold at around SR one billion therefore becoming the biggest real estate auction in the world.