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The Future of Real Estate Forum - in its second edition - to be held during the period from January 23 to 25, 2023 in the city of Riyadh, will discuss a number of axes and goals related to the present and future of the real estate sector and the continuous efforts to attract real estate investments. About 30 countries will participate in this edition, most notably Qatar and the Sultanate of Oman. And Kuwait, the Emirates, Egypt, Britain and France, under the auspices of His Excellency Mr. Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs and Housing.
One of the forum's sessions will discuss "The Future of Real Estate Investment" and the basic foundations that have made the real estate sector in the Kingdom attractive for investments. A group of local and international speakers will participate in this session, discussing the importance of attracting real estate investments to the Kingdom.
The speakers will discuss the most important factors motivating attracting local and foreign real estate investment, the Kingdom's efforts in this regard, and the role of private sector projects in partnership with the Ministry of Municipal, Rural Affairs and Housing in pumping hundreds of thousands of high-quality residential units and suburbs, which aim to raise the percentage of ownership to 70% in line with the objectives of The Kingdom's Vision 2030, which contributes to building an attractive competitive environment that enhances the quality of services and stimulates dealers with the real estate sector.
Participants in the session will also discuss the services provided by the authorities related to the real estate sector in the Kingdom, including the electronic services and facilities provided by the General Real Estate Authority to workers and investors in this sector, through the real estate indicators platform, the geospatial real estate portal, and the Saudi Center for Real Estate Arbitration, which help To streamline real estate activities and facilitate investment procedures.
Several pillars contribute to attracting real estate investments to the Kingdom, including the infrastructure that plays an important role in creating a climate to attract real estate investments to the Kingdom, in addition to the initiatives, strategies and giant projects launched by the Kingdom's government, most notably the comprehensive strategy for the real estate sector, which is based on the governance of the real estate sector and the sustainability of the sector. In addition to the effectiveness of the market, and partner service.
The Quality of Life program is also one of the factors that attract foreign and local real estate investment, as the program aims to improve the quality of life for all residents of the Kingdom, by developing the necessary environment and creating more cultural, recreational, sports, tourism and urban activities with the participation of citizens, residents and visitors.
The system of legislative systems and executive regulations in the Kingdom plays a major and influential role in attracting real estate investments, as it works to regulate the business and activities of the real estate sector and investment in it, in a tight manner, and preserves the rights of all parties, and the most prominent of these systems are the real estate ownership system, the real estate brokerage system, the ownership system Foreigners to invest in real estate, which in turn contributes to stimulating real estate growth, attracting Saudi and non-Saudi investors, and attracting capital to establish qualitatively feasible real estate projects.
His Excellency the Minister of Housing and Urban Planning of the Sultanate of Oman, Dr. Khalfan Al-Shuaili, will participate in the second edition of the forum, who confirmed that the convening of the Future Real Estate Forum, which is being hosted by Riyadh in its second edition, comes at a time when the real estate sector is witnessing exponential growth and qualitative transformations in various Gulf countries and the region, as well as Its investments are witnessing a significant growth, as this sector is a strategic choice to diversify the portfolios of a large group of companies and real estate entities.” His Excellency stressed that the real estate sector is one of the most important and prominent tributaries of the gross domestic product of a large number of countries in the world.
For his part, His Excellency the Chairman and Managing Director of the Administrative Capital Company for Urban Development in the sister Republic of Egypt, Engineer Khaled Mahmoud Abbas, said that the forum is one of the prominent platforms in dealing with the future of real estate since its first edition was held during the past year, adding that the importance of the forum is represented in its discussion of the challenges that The real estate sector system faces it, and how to develop its mechanisms and practices, indicating that the sector has contributed to providing thousands of job opportunities for young people.
It is noteworthy that the Forum for the Future of Real Estate targets several entities, entities and organizations, from inside and outside the Kingdom, most notably in the government sectors related to real estate activity, as well as local and international specialized organizations and associations, construction and development companies, specialized research and digital companies, banks, finance companies, investment funds, and the Federation of Saudi chambers and real estate committees in the Kingdom, and agencies related to real estate financing locally and abroad.
One of the forum's sessions will discuss "The Future of Real Estate Investment" and the basic foundations that have made the real estate sector in the Kingdom attractive for investments. A group of local and international speakers will participate in this session, discussing the importance of attracting real estate investments to the Kingdom.
The speakers will discuss the most important factors motivating attracting local and foreign real estate investment, the Kingdom's efforts in this regard, and the role of private sector projects in partnership with the Ministry of Municipal, Rural Affairs and Housing in pumping hundreds of thousands of high-quality residential units and suburbs, which aim to raise the percentage of ownership to 70% in line with the objectives of The Kingdom's Vision 2030, which contributes to building an attractive competitive environment that enhances the quality of services and stimulates dealers with the real estate sector.
Participants in the session will also discuss the services provided by the authorities related to the real estate sector in the Kingdom, including the electronic services and facilities provided by the General Real Estate Authority to workers and investors in this sector, through the real estate indicators platform, the geospatial real estate portal, and the Saudi Center for Real Estate Arbitration, which help To streamline real estate activities and facilitate investment procedures.
Several pillars contribute to attracting real estate investments to the Kingdom, including the infrastructure that plays an important role in creating a climate to attract real estate investments to the Kingdom, in addition to the initiatives, strategies and giant projects launched by the Kingdom's government, most notably the comprehensive strategy for the real estate sector, which is based on the governance of the real estate sector and the sustainability of the sector. In addition to the effectiveness of the market, and partner service.
The Quality of Life program is also one of the factors that attract foreign and local real estate investment, as the program aims to improve the quality of life for all residents of the Kingdom, by developing the necessary environment and creating more cultural, recreational, sports, tourism and urban activities with the participation of citizens, residents and visitors.
The system of legislative systems and executive regulations in the Kingdom plays a major and influential role in attracting real estate investments, as it works to regulate the business and activities of the real estate sector and investment in it, in a tight manner, and preserves the rights of all parties, and the most prominent of these systems are the real estate ownership system, the real estate brokerage system, the ownership system Foreigners to invest in real estate, which in turn contributes to stimulating real estate growth, attracting Saudi and non-Saudi investors, and attracting capital to establish qualitatively feasible real estate projects.
His Excellency the Minister of Housing and Urban Planning of the Sultanate of Oman, Dr. Khalfan Al-Shuaili, will participate in the second edition of the forum, who confirmed that the convening of the Future Real Estate Forum, which is being hosted by Riyadh in its second edition, comes at a time when the real estate sector is witnessing exponential growth and qualitative transformations in various Gulf countries and the region, as well as Its investments are witnessing a significant growth, as this sector is a strategic choice to diversify the portfolios of a large group of companies and real estate entities.” His Excellency stressed that the real estate sector is one of the most important and prominent tributaries of the gross domestic product of a large number of countries in the world.
For his part, His Excellency the Chairman and Managing Director of the Administrative Capital Company for Urban Development in the sister Republic of Egypt, Engineer Khaled Mahmoud Abbas, said that the forum is one of the prominent platforms in dealing with the future of real estate since its first edition was held during the past year, adding that the importance of the forum is represented in its discussion of the challenges that The real estate sector system faces it, and how to develop its mechanisms and practices, indicating that the sector has contributed to providing thousands of job opportunities for young people.
It is noteworthy that the Forum for the Future of Real Estate targets several entities, entities and organizations, from inside and outside the Kingdom, most notably in the government sectors related to real estate activity, as well as local and international specialized organizations and associations, construction and development companies, specialized research and digital companies, banks, finance companies, investment funds, and the Federation of Saudi chambers and real estate committees in the Kingdom, and agencies related to real estate financing locally and abroad.
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