With the participation of His Excellency the Minister of Housing, Mr. Majid Al-Hogail, the Real Estate Development Fund is organizing today at the Four Seasons Hotel in Riyadh the conference “Housing Finance in Saudi Arabia,” marking the first conference dedicated to housing finance in the Kingdom. The event aims to discuss the challenges individuals face in accessing housing finance, the roles of financial institutions in stimulating the housing sector, and the investment opportunities available in this field.
The Real Estate Development Fund stated that the conference will be attended by a large number of decision-makers, financing and banking institutions, as well as real estate investment and development companies, and experts from outside the Kingdom. They will highlight the ongoing reforms in Saudi Arabia’s housing finance market, the challenges it faces, and practical solutions to overcome them, as well as the Fund’s transition to a new financial model.
The conference will discuss the challenges facing the Kingdom’s housing market and the reforms planned by the government to increase home ownership among citizens, in accordance with the Housing Program (one of the programs aimed at achieving Vision 2030).
In one of the conference sessions, Mr. Khalid bin Mohammed Al-Amoudi, General Supervisor of the Real Estate Development Fund, will discuss the Fund’s transition to a financial institution, with the aim of enabling the Fund to serve both the current generation of citizens and future generations, and he will explain how the Fund will apply best practices and international standards to develop the Kingdom’s housing sector, Al-Amoudi will outline how the Real Estate Fund, in its new form, will facilitate citizens“ access to mortgage loans, encourage the banking sector to play an active role in supporting the housing sector, and increase investment in the sector to ensure a balance between supply and demand.
The ”Housing Finance Conference“ will also feature a number of presentations, meetings, and panel discussions addressing the challenges individuals face in accessing housing finance, the roles of financial institutions in stimulating the housing sector, leading residential investment opportunities in the Kingdom of Saudi Arabia, and digital transformation and its benefits for housing finance.
It is worth noting that the ”Housing Finance Conference” is organized jointly by the Real Estate Development Fund and Euromoney Conferences, which specializes in global finance and investment conferences.
