Future of Real Estate Forum to Kick Off Next February, Highlighting Latest Market Trends and New Government Regulations, Organizers Report

Tuesday 1443/6/15 - 2022/01/18
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Riyadh, Jan. 18, 2022, SPA -- The Future of Real Estate Forum, which is scheduled to be held from 22 - 24 February 2022, at Four Seasons Hotel, Riyadh, will witness a wide participation from key actors in the public and private real estate sector, who will gather from inside and outside Saudi Arabia, under one umbrella to exchange their experiences and points of view.
Furthermore, 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, which will be held under the patronage of Majid bin Abdullah Al-Hogail, the Minister of Municipal and Rural Affairs and Housing, will also witness the participation of national and international speakers, professionals, experts in the real estate investment sector, as well as a number of key businessmen and investors. It’s noteworthy that the forum will kick off while the real estate sector in the Kingdom is witnessing unprecedented qualitative leap, especially after the Saudi Cabinet's approval on the updated comprehensive strategy of the real estate sector, in December 2020. Such a promising step reflects the Kingdom's efforts to develop the real estate sector and increase its contribution to the national GDP. The updated comprehensive strategy is expected also to raise the efficiency of the sector and enable it to apply the best international practices, especially in the housing localization sector, as well as expanding the housing construction to meet the growing housing demands in the Kingdom. In addition, it will also improve the investment environment and allow it to attract more local and foreign 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 a number of 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.
Furthermore, representatives of a number of ministries and government agencies are also to participate in the forum sessions and workshops, which will tackle many topics related to real estate and the future of investments in this promising sector. The topics will also include discussing the factors that affect the sector such as: real estate financing, appraisal, digitization, auctions, arbitration, marketing and mechanisms.
The representatives will also discuss the forum’s top ten topics, which include the regulatory and legislative trends in the real estate sector, future of urban development, real estate financing solutions, smart cities and sustainability, real estate investment, quality and perfection, construction techniques and artificial intelligence, in addition to other aspects related to the real estate sector in the Kingdom.
It is noteworthy that the Future of Real Estate Forum is a promising opportunity to discuss the present and future of the real estate in the Kingdom, as well as its legislation and regulations and their impacts. Furthermore, the real estate is on the top of the economic sectors and a major driver towards achieving the development and attracting investments.
The forum is also a great opportunity to review the results of in-depth studies of the real estate sector, the figures related to the rates of demand for rent and ownership, and the sources of this demand, inside and outside the Kingdom. The speakers (from inside and outside the Kingdom) are expected to discuss a number of laws and legislations. Moreover, they will discuss such laws and legislation’s ability to manage risks and the expected and unexpected challenges. For more details on the Future of Real Estate Forum kindly visit: www.therff.com
21:29 LOCAL TIME 18:29 GMT