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World leaders to attend Saudi Real Estate Future Forum 2025 for industry-shaping discussions

World leaders to attend Saudi Real Estate Future Forum 2025 for industry-shaping discussions
The Real Estate Future Forum 2025 will focus on environmental sustainability and social and economic resilience. File/RFF
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Updated 26 January 2025

World leaders to attend Saudi Real Estate Future Forum 2025 for industry-shaping discussions

World leaders to attend Saudi Real Estate Future Forum 2025 for industry-shaping discussions
  • Event will gather over 300 speakers from 85 countries to lead discussions on the direction of real estate
  • Key themes and sessions at RFF 2025 will encompass various topics, with over 30 high-level dialogue events and 25 in-depth workshops

RIYADH: The Real Estate Future Forum is set to serve as a global hub for industry leaders, policymakers, and investors as Ƶ transitions toward a diversified and innovation-driven economy.

The event will be held from Jan. 27— 29 at the Four Seasons Hotel in Riyadh and will gather over 300 speakers from 85 countries to lead discussions on the direction of real estate.

Under the theme “Future for Humanity: Shaping Dreams into Reality,” RFF 2025 will focus on innovations, sustainability efforts, and investment strategies reshaping the global property market.

This year’s edition will also spotlight the Middle East’s $1 trillion real estate pipeline, which is driving changes in urban development and creating new regional economic opportunities.

Ƶ at the forefront of real estate evolution

The Kingdom’s Vision 2030 reforms have positioned the country as a leader in real estate development, combining innovation, sustainability, and economic growth.

Forum participants will get an in-depth look at major projects, including NEOM, The Red Sea Project, and Diriyah Gate, and their economic impact and long-term sustainability.

The discussions will provide insights into how these initiatives are influencing the broader real estate landscape.

A $1 trillion opportunity for global transformation

With the Middle East witnessing an unprecedented wave of urban expansion, the real estate sector has immense opportunities and critical responsibilities.

This year’s forum will highlight how key stakeholders can leverage digital transformation, sustainable construction, and strategic investments to build cities that are economically viable, environmentally responsible, and socially inclusive.

Benjamin Deschietere, managing director and partner at Boston Consulting Group, underscored the urgency of sustainability in real estate development.

“The Middle East’s $1 trillion real estate pipeline offers a once-in-a-generation opportunity to rethink how we design and build our communities,” he told Arab News.

“With buildings accounting for more than one-third of global greenhouse gas emissions, decisions made today in the region’s transformative mega-projects will impact generations and have the potential to influence global standards for decades,” he added.

Deschietere said that sustainability in design, the use of greener materials, and advancements in construction and procurement practices are essential rather than optional.

He said cities built with these principles would be more resource-efficient, livable, and valuable in the long term, adding that developers who adopt these approaches would gain a significant competitive edge in the coming decades




Benjamin Deschietere, managing director and partner at Boston Consulting Group. Supplied

A holistic approach to sustainability and innovation

RFF 2025 will focus on environmental sustainability and social and economic resilience. With the Kingdom’s target of developing 1 million new housing units by 2030, the forum will discuss how sustainable urbanization can drive affordability, job creation, and social equity.

Edoardo Geraci, managing director and partner at BCG, told Arab News of the need for a paradigm shift. “Traditional real estate has often prioritized growth over sustainability, but the future demands a more holistic approach.”

He added that beyond reducing carbon emissions, sustainable development must also consider social outcomes, such as inclusivity, affordability, and job creation.

“Passive design principles and smart building technologies already enable a reduction of lifecycle carbon emissions by up to almost 40 percent, offering significant cost savings over time,” the expert said.

Geraci also said the Middle East has a distinct chance to demonstrate how well-planned urban development can improve the quality of life, restore natural resources, and establish new standards for sustainable and resilient cities on a global scale.




Edoardo Geraci, managing director and partner at Boston Consulting Group. Supplied

RFF 2025 themes and sessions

Key themes and sessions at this year’s forum will encompass various topics, with over 30 high-level dialogue events and 25 in-depth workshops.

Discussions on smart cities and digital transformation will explore the role of artificial intelligence and blockchain in real estate transactions and homeownership, innovations in smart buildings and urban infrastructure, and the impact of big data on market forecasting and investment strategies.

Sustainable real estate and green building innovations will be another focal point, addressing the shift toward net-zero developments and green architecture, sustainable financing models for eco-friendly projects, and case studies from leading sustainable cities and giga-projects.

Real estate investment and financing trends will be examined, with insights into alternative financing models for large-scale undertakings, the impact of global economic shifts on Middle Eastern real estate markets, and future trends in institutional investment and private sector involvement.

The forum will also highlight the role of giga-projects in economic growth, offering perspectives from key players behind NEOM, The Red Sea Project, and Diriyah Gate, while discussing how these developments are shaping tourism, hospitality, urban living, the intersection of real estate, entertainment, and sports infrastructure.

RFF 2025 will provide an outlookon integrating advanced technologies into the real estate sector. Panels will dive into emerging trends like virtual reality for property marketing, the role of the metaverse in digital real estate, and the use of robotics and 3D printing in construction. The implications of these technologies for efficiency, cost savings, and consumer experiences will be examined.

Another focus will be community-centered urban planning and sessions will address the importance of inclusivity and accessibility in development projects, exploring how innovative housing models and mixed-use initiatives can enhance quality of life and foster social and economic prosperity.

The forum will also discuss sustainable procurement practices and supply chain transformation, offering insights into minimizing waste and achieving carbon neutrality in mega-projects.

The three-day event is set to feature a distinguished lineup of speakers, including government officials, global investors, and media personalities who will provide valuable insights into industry-shaping trends.

Notable speakers include Majid Al-Hogail, Saudi minister of municipalities and housing; Turki bin Talal, governor of Asir region; Saud bin Talal, governor of Al-Ahsa; former US President Bill Clinton; international media influencer Piers Morgan; and global media commentator Tucker Carlson.

With Vision 2030 strongly supporting tourism and lifestyle projects, discussions will explore how cultural preservation and modern innovation coexist in urban developments.

Sessions will delve into the design of projects such as New Murabba and Trojena in NEOM, examining how these ventures are redefining the Kingdom’s global image while fostering sustainable growth.

Insights into the transformative impact of major sporting and entertainment events on real estate demand and city planning will highlight the sector’s potential to drive broader socio-economic change.

A platform for transformative deals and partnerships

The 2024 edition of RFF saw over 50 agreements worth SR100 billion ($26.6 billion) signed, driving investment in key real estate projects.

The 2025 forum is expected to eclipse those numbers, offering an even greater platform for deal-making, policy announcements, and strategic partnerships.

A Glimpse into the Future

The Kingdom’s real estate sector is on the cusp of a technological and financial revolution driven by digital transformation, sustainable design, and forward-thinking policies.

As Vision 2030 continues to guide the nation toward an economically diversified and innovation-driven future, RFF 2025 will serve as a platform for international investors, developers, and policymakers looking to tap into the region’s potential.

RFF 2025 will offer various opportunities for networking, collaboration, and sharing expertise, making it a key event in the ongoing development of the global real estate industry.


Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns

Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns
Updated 19 sec ago

Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns

Oil Updates — crude little changed as OPEC+ output hikes counter Russia disruption concerns

BENGALURU/SINGAPORE: Oil prices were little changed on Tuesday as traders assessed rising supply by OPEC+ against worries of weaker demand and US President Donald Trump’s new threats on India over its Russian oil purchases.

Brent crude futures dipped 1 cent to $68.75 a barrel by 9:31 a.m. Saudi time, while US West Texas Intermediate crude was down 2 cents at $66.28.

Both contracts fell by more than 1 percent in the previous session to settle at their lowest in a week.

Both benchmarks have receded because extra capacity from OPEC+ is acting as a buffer for any shortfalls in Russian supplies, said Priyanka Sachdeva, a senior market analyst at Phillip Nova.

The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September.

It marks a full and early reversal of the group’s largest tranche of output cuts, amounting to about 2.5 million bpd, or around 2.4 percent of global demand, though analysts caution the actual amount returning to the market will be less.

The rising supplies come amid renewed concerns about demand, with some analysts expecting faltering economic growth in the second half of the year.

JPMorgan analysts said on Tuesday the risk of a US recession was high as labor demand has stalled. In addition, China’s July Politburo meeting signalled no additional policy easing, with the focus shifting to structural rebalancing of the world’s second-largest economy, the analysts wrote in a note.

At the same time, investors are eyeing possible supply disruptions.

US President Donald Trump has said he could impose 100 percent secondary tariffs on Russian crude buyers such as India after announcing a 25 percent tariff on Indian imports in July.

On Monday, Trump again threatened higher tariffs on Indian goods over the Russian oil purchases. New Delhi called his attack “unjustified” and vowed to protect its economic interests, deepening the trade rift between the two countries.

India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million bpd from January to June this year, up 1 percent from a year ago, according to data provided to Reuters by trade sources.

Traders are also awaiting any developments on the latest US tariffs on its trading partners, which analysts fear could slow economic growth and dampen fuel demand. 


Saudi Aramco posts $22.67bn in Q2 profit, maintains steady dividends

Saudi Aramco posts $22.67bn in Q2 profit, maintains steady dividends
Updated 23 min 32 sec ago

Saudi Aramco posts $22.67bn in Q2 profit, maintains steady dividends

Saudi Aramco posts $22.67bn in Q2 profit, maintains steady dividends

RIYADH: Saudi Aramco reported a net profit of $22.67 billion for the second quarter of 2025, underscoring its operational strength and financial resilience amid ongoing market volatility.

For the first half of the year, net profit reached $48.68 billion, supported by robust cash flows, consistent shareholder payouts and exceptional supply reliability.

The company’s board declared a base dividend of $21.1 billion and a performance-linked dividend of $219 million for the second quarter, both scheduled for payment in the third quarter, according to a press release.

In a statement, Amin Nasser, president and CEO of Aramco, said: “Aramco’s resilience was proven once again in the first half of 2025 with robust profitability, consistent shareholder distributions and disciplined capital allocation.”  

He added: “Despite geopolitical headwinds, we continued to supply energy with exceptional reliability to our customers, both domestically and around the world.” 

While quarterly earnings came in strong, net profit dipped from $26.01 billion in the first quarter and $29.07 billion a year earlier, driven largely by weaker oil prices. The average realized crude oil price fell to $66.7 per barrel in the second quarter, down from $76.3 in the first quarter and $85.7 in the second quarter of 2024.

Adjusted net income — a measure reflecting underlying performance — stood at $24.5 billion for the quarter and $50.9 billion for the first half. Cash flow from operating activities came in at $27.5 billion for the quarter and $59.3 billion for the half-year period, while free cash flow reached $15.2 billion in the second quarter and $34.4 billion over the six-month span. 

Nevertheless, Aramco maintained 100 percent supply reliability and pushed forward with key upstream projects. 

“Market fundamentals remain strong and we anticipate oil demand in the second half of 2025 to be more than two million barrels per day higher than the first half,” Nasser added.  

“Our long-term strategy is consistent with our belief that hydrocarbons will continue to play a vital role in global energy and chemicals markets, and we are ready to play our part in meeting customer demand over the short and the long term.” 

Aramco continued to advance the Berri, Marjan and Zuluf crude oil increments and confirmed that the Jafurah Gas Plant remains on track. Phase one of the Dammam development project was also brought onstream during the period. 


Closing Bell: Saudi main index closes up at 10,839

Closing Bell: Saudi main index closes up at 10,839
Updated 04 August 2025

Closing Bell: Saudi main index closes up at 10,839

Closing Bell: Saudi main index closes up at 10,839

RIYADH: Ƶ’s Tadawul All Share Index edged higher on Monday, gaining 6.35 points, or 0.06 percent, to close at 10,839.45.

The total trading turnover of the benchmark index reached SR4.92 billion ($1.31 billion), with 138 stocks advancing and 110 declining.

The Kingdom’s parallel market Nomu also closed in positive territory, rising 135.55 points, or 0.51 percent, to settle at 26,891.39, as 41 stocks advanced while 38 retreated.

Meanwhile, the MSCI Tadawul 30 Index slipped marginally, losing 1.41 points, or 0.10 percent, to end at 1,397.24.

The best-performing stock of the day was Tourism Enterprise Co., whose share price rose 9.57 percent to SR1.03.

Other top performers included SICO Saudi REIT Fund Unit, which climbed 7.58 percent to SR4.40, and Takween Advanced Industries Co., which gained 6.56 percent to close at SR8.29.

Perfect Presentation for Commercial Services Co. rose 5.56 percent, while Amana Cooperative Insurance Co. gained 5.15 percent.

Nice One Beauty Digital Marketing Co. registered the steepest decline, falling 9.97 percent to SR26.74.

Other notable declines came from Thimar Development Holding Co., down 5.84 percent to SR36.42, and Al Etihad Cooperative Insurance Co., which dropped 5.56 percent to SR11.71.

Herfy Food Services Co. and BAAN Holding Group Co. also ended the day lower, falling 5.20 percent and 4.74 percent.

On the announcement front, the Saudi Exchange Co. has approved SNB Capital’s application to conduct market-making activities on Almasane Alkobra Mining Co. and Waja Co., effective from July 30.

According to the exchange, SNB Capital’s obligations as a market maker for Almasane Alkobra Mining Co. include maintaining a minimum presence of orders at 70 percent, a minimum size of 75,000 units, and ensuring a maximum spread of 0.75 percent. Additionally, the market maker must achieve a minimum value traded of at least 5 percent.

For Waja Co., SNB Capital is required to uphold a minimum presence of orders at 50 percent, with a minimum size of 50,000 units and a maximum spread of 5 percent. There is no minimum value traded requirement for Waja Co.

The company will perform its duties in line with the Market Making Regulations and the Market Making Procedures set by the Saudi Exchange Co.


Ƶ tops GCC debt market with $47.9bn in H1 issuances: Markaz

Ƶ tops GCC debt market with $47.9bn in H1 issuances: Markaz
Updated 04 August 2025

Ƶ tops GCC debt market with $47.9bn in H1 issuances: Markaz

Ƶ tops GCC debt market with $47.9bn in H1 issuances: Markaz

RIYADH: Ƶ led the Gulf region’s primary debt market in the first half of 2025, raising $47.93 billion through 71 bond and sukuk issuances, a new analysis showed. 

According to a report from Kuwait Financial Center, also known as Markaz, the Kingdom accounted for 52.1 percent of the total Gulf Cooperation Council issuances during the period, cementing its position as the region’s dominant fixed income market.

However, the volume marked a 19.8 percent year-on-year decline from $59.73 billion in the first half of 2024. 

Overall, GCC primary debt issuances totaled $92.04 billion during the period, down 5.5 percent from a year earlier.

Affirming the expansion of the region’s debt market, Fitch Ratings noted in December that total outstanding debt in the GCC surpassed the $1 trillion mark. 

Commenting on the latest first half figures, Markaz stated: “As for issuance preferences, the first half saw an increased appetite for conventional issuances in the GCC, representing 56.1 percent of total issuances for the year.” 

It added: “This is a change in issuance preferences from the first half of 2024, where more sukuk were issued than conventional bonds.”

Regional outlook 

Ƶ’s debt market has expanded rapidly in recent years, as both domestic and international investors seek diversification and stable returns. 

In July, the National Debt Management Center raised SR5.02 billion ($1.34 billion) through a riyal-denominated sukuk issuance, marking a 113.6 percent increase from the previous month. 

Earlier in February, the Kingdom issued €2.25 billion ($2.36 billion) in euro-denominated bonds, including its inaugural green tranche, under its Global Medium-Term Note Issuance Program. 

In December, Kamco Invest projected that Ƶ would lead the region in bond maturities over the next five years, with about $168 billion in Saudi bonds expected to mature between 2025 and 2029 — a reflection of the Kingdom’s growing prominence in regional debt markets. 

Following Ƶ, the UAE ranked second with $24.03 billion raised from 69 issuances, accounting for 26.1 percent of total market share. This also represented a 22.2 percent increase over the same period last year. 

Qatar followed with $10 billion from 58 offerings, capturing 10.9 percent of total GCC issuance in the first half. 

Bahrain saw $5.62 billion raised through seven issuances — an increase of 49.7 percent year on year. Kuwaiti issuances climbed 48 percent to $3.39 billion from four deals, while

Oman recorded the region’s lowest total, with $1.08 billion from six issuances. 

Maturity and issue size profile 

According to Markaz, bonds and sukuk with tenors under five years accounted for 46.9 percent of total GCC issuances, amounting to $43.2 billion across 154 deals. 

Issuances with tenors of five to ten years made up 33.8 percent of the market, totaling $31.1 billion from 43 deals. Bonds with maturities between 10 and 30 years comprised 9.6 percent, raising $8.8 billion from five transactions. 

“One issuance came in with a maturity greater than 30 years with a value of $1 billion, while perpetual issuances saw an increase in both the size and number of issuances when compared to the first half of 2024, with a total value of $8 billion through 12 issuances,” added Markaz. 

Issuance sizes ranged from $2 million to $5 billion. The largest share — $54.5 billion, or 59.2 percent of the total — came from 32 deals each valued at $1 billion or more.

Those between $500 million and $1 billion raised $27 billion across 44 offerings. 

The highest number of deals fell in the sub-$100 million category, with 105 transactions collectively raising $3.2 billion. 

Currency profile 

US dollar-denominated instruments dominated the primary market, raising $73.1 billion through 146 issuances — representing 79.4 percent of the total value. 

The Saudi riyal was the second most used currency, with $7 billion raised across eight deals. 

“As for currencies bucketed under “other” which totaled $2 billion, the Hong Kong Dollar represented 0.74 percent of total issuances with a total value of $682 million through 20 issuances,” added Markaz. 

A separate report by Fitch in April said GCC countries accounted for over 35 percent of all emerging-market US dollar debt issued in the first quarter of 2025 — excluding China — up from about 25 percent in 2024. 

Issuances by type 

Corporate issuances in the GCC rose sharply by 67.7 percent year on year to reach $60.20 billion in the first half of 2025, accounting for 65.4 percent of total issuances.

Government-related entities contributed $11.2 billion across 11 issuances. 

In its latest report, Markaz noted that conventional issuances rose 7.8 percent year on year to $51.61 billion in the first half. 

In contrast, sukuk issuances declined 18.2 percent over the same period, totaling $40.43 billion. 

The financial sector led issuance activity, raising $40.1 billion from 167 deals — 43.6 percent of the total. Government issuers came next, contributing $31.9 billion from 25 offerings. 

“The energy sector follows, with $8.6 billion through 9 issuances, representing 9.4 percent of total issuances, with the remaining sectors together representing a small portion of total issuance at 12.5 percent,” added Markaz. 


IMF praises Ƶ’s economic resilience

IMF praises Ƶ’s economic resilience
Updated 04 August 2025

IMF praises Ƶ’s economic resilience

IMF praises Ƶ’s economic resilience

RIYADH: The International Monetary Fund has commended Ƶ for its resilience to global shocks, citing its expanding non-oil sector, contained inflation, and record-low unemployment.

In its 2025 Article IV Consultation, the IMF recognized the Kingdom’s robust non-oil growth and strong reform momentum, crediting ongoing efforts under Vision 2030 for diversifying the economy amid heightened international uncertainty and declining oil revenues. 

Ƶ’s appraisal comes as neighboring Gulf economies face mixed outlooks amid global tensions. 

The IMF highlighted the UAE’s robust non-oil growth, while Kuwait grapples with fiscal pressures from OPEC+ production cuts and a call for gradual consolidation. Qatar and Oman continue to advance diversification under their respective national visions, focusing on private sector growth and fiscal reforms. 

Despite external shocks, the region’s ample reserves, structural reforms, and strong financial systems are seen as key stabilizing factors. 

IMF executive directors highlighted the Kingdom’s economic progress, noting that “robust non-oil growth, low inflation, and record-low unemployment” have been achieved through “appropriate macroeconomic policies, strong buffers, and impressive reform momentum.” 

The IMF cautioned that fiscal and current account deficits persist, emphasizing the need for continued structural adjustments to ensure long-term sustainability. 

In 2024, Ƶ’s non-oil real gross domestic product expanded by 4.5 percent, driven by growth in the retail, hospitality, and construction sectors. 

This was offset by a 4.4 percent contraction in oil GDP, as OPEC+ production cuts held crude output at 9 million barrels per day, moderating overall GDP growth to 2 percent. 

Inflation remained under control, averaging 1.7 percent, while unemployment among Saudi nationals fell to its lowest level on record, with youth and female unemployment rates halving over the past four years. 

The IMF noted that despite a shift in the current account to a deficit of 0.5 percent of GDP, the Kingdom’s fiscal and external buffers remain substantial. 

The Saudi Central Bank’s foreign assets stabilized at $415 billion, covering 187 percent of the IMF’s reserve adequacy metric. 

“The banking sector remained strong, marked by high capitalization, profitability, and nonperforming loans at their lowest since 2016,” the IMF stated. 

Looking ahead, the IMF projects the Kingdom’s real GDP growth to accelerate to 3.9 percent by 2026, with non-oil growth expected to exceed 3.5 percent. 

The continued implementation of Vision 2030 projects, combined with government-led infrastructure initiatives, is expected to sustain domestic demand and mitigate external pressures. 

The IMF stressed that “pursuing a countercyclical fiscal policy in the near term” is essential to maintain economic stability, given ample fiscal buffers and persistent global uncertainties. 

Directors of the organization recommended a gradual fiscal consolidation strategy to achieve intergenerational equity, urging Ƶ to advance “broader tax policy reforms to increase non-oil revenue, wage bill containment, energy subsidy reform, and streamlining of non-essential expenditures.” 

Directors also encouraged the operationalization of an expenditure-based fiscal rule, enhanced budgetary transparency, and strengthened sovereign asset-liability management frameworks. 

The IMF welcomed the Kingdom’s progress in strengthening its banking sector resilience. 

Executives commended reforms in banking regulation and supervision, the swift adoption of the Banking Law, and the establishment of a crisis management framework. 

They also recognized the Ƶn Monetary Authority’s vigilance in monitoring financial risks and its introduction of a 100 basis points countercyclical capital buffer to support stability. 

Additionally, directors noted continued progress in developing domestic capital markets to diversify funding sources. 

Directors emphasized the importance of maintaining reform momentum irrespective of oil price developments. 

They highlighted improvements in the regulatory and business environment, female labor participation, and governance.

Sustained enhancements in small and medium-sized enterprises’ access to finance, regional trade integration, and climate resilience were also recognized as key pillars for advancing economic diversification. 

The IMF affirmed that Ƶ’s currency peg to the US dollar remains appropriate, commending improvements in the Kingdom’s liquidity management framework. 

Directors stressed that monetary operations should continue to focus on smoothing short-term liquidity without fueling asset and credit bubbles. 

IMF directors acknowledged Ƶ’s leadership role in regional stability and its contributions in multilateral forums, including the G20 and the IMF’s International Monetary and Financial Committee. 

They expressed confidence that the Kingdom’s ongoing reforms will further strengthen its economic resilience and global standing.