Monitoring Desk
RIYADH: The 2nd Real Estate Future Forum concluded in Saudi Arabia, Riyadh on Wednesday. 30 nations and 100 speakers representing private and public sectors, along with leading investors, experts, and decision-makers, both global and local.
Real Estate Future Forum in Riyadh
Experts in Saudi housing at the event underscored the need of investing in the sector via several financing alternatives, based on the abilities and demands of customers. The event was held Riyadh.
Minister for Municipal, Rural and Housing Affairs Majid Al-Hogail said that in-kind registration was one of the key priorities of the real estate sector’s complete strategy. He added that it is directly connected to the reliability and investment attractiveness of the real estate field.
The Minister noted that 2022 had observed radical changes and major transformations. He added that the General Real Estate Authority addressed several themes, such as the role of the ministries, governorates, ministries, and secretariats in aligning to empower the real estate, and regional efforts and their impact on the growth of the estate sector. The forum focused on the future of real estate regulations and investment.
CEO of the Real Estate Development Fund Mansour bin Madi said that the individual real estate finance market grew to a great extent, reaching SR674 billion from January to November 2022. It reflected the success of the housing plan, one of the Kingdom of Saudi Arabia’s Vision 2030 programs.
He further said that the private sector’s role in providing finance and land support to people had become more effective.
