Future of Real Estate Forum to start off on Feb 22 in Saudi Arabia

By Shilpa Annie Joseph, Official Reporter
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Saudi Fintech
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The Future of Real Estate Forum will bring together the key actors in the public and private real estate sector to exchange their experiences and points of view from February 22 to 24, 2022 in Saudi Arabia.

According to the statement, the forum intends to improve the performance of real estate establishments focusing on SME’s, by discussing the sector’s regulations, financial solutions, safety, and sustainability.

The forum will be held under the patronage of Mr. Majid bin Abdullah Al-Hogail, the Saudi Minister of Municipal and Rural Affairs and Housing.

Further, it will see the participation of national and international speakers, professionals, experts in the real estate investment sector, as well as several key businessmen and investors.

As per the statement, “The forum will shed light on the ongoing qualitative leap in Saudi Arabia, on top of which the announcement made by HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, regarding establishing several royal authorities, as well as strategic offices that will be responsible for carrying out development projects in different areas in Saudi Arabia.” Each entity will lay down its strategic framework to develop each area, as well as the available investment opportunities.

The Forum is a promising opportunity to discuss the present and future of real estate in the Kingdom, as well as its legislation, regulations and their impacts. Further, the real estate is on the top of the economic sectors and a major driver towards achieving development and attracting investments.

The Future of Real Estate Forum and the accompanying exhibition coincide with the launch of several giant projects, including the “Downtown Jeddah” project, which was financed by the Public Investment Fund, as well as several strategic investors, from inside and outside the Kingdom.

“The projects also include NEOM, Al-Soudah, Qiddiya, Amala and Red Sea projects, all designed to achieve the strategic goals of the Kingdom’s Vision 2030, as well as contributing to the Kingdom’s transformation into a global destination in tourism and entertainment aiming to enhance its position and economic leadership,” as per the statement.

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