Deals Worth $26.6bn Finalized in Real Estate Future Forum

Deals Worth $26.6bn Finalized in Real Estate Future Forum

Riyadh: The Real Estate sector in the Kingdom of Saudi Arabia is set to receive a huge boom after witnessing over 50 deals having a huge worth of around $26.6 billion. This feat was achieved in the “Real Estate Future Forum” held in Riyadh, Saudi Arabia. The forum revolved around the theme “The Power of Resilience: Building a Sustainable and Prosperous Real Estate Future”. The aim was to introduce sustainable solutions to the property sector in the country.
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This forum is basically in line with the Kingdom`s goal of achieving a real estate development target of around 1 million housing units with the help of National Housing Co. and ROSHN. The forum also discussed providing housing to needy families while safeguarding social security.
Governor of the General Authority for Endowments, Abdul Rehman Al-Aqil explained to the participants for major transformations in the sector falling to the requirements of the customers. Such measures are deemed necessary to achieve the sustainability factor in home ownership.
Another crucial step of “identity for inheritance” was also announced by the Minister of Justice, Walid Al-Samaani. It is of utmost importance to prevent duplication with the introduction of a unified electronic mechanism. Read more: Pakistan, Dubai Signed $3bn Agreements

The event of quite successful as it was attended by 300 speakers from 85 countries, having backgrounds from official and private sectors. A huge number of real estate experts were also present from local and international markets. The forum hosted almost 30 dialogues and 25 workshop sessions while discussing emerging trends and sustainability.

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