His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, is sponsoring the Future of Real Estate Forum, which will be held from February 22 to 24, 2022, at the Ritz-Carlton Hotel in Riyadh, with the participation of a select group of local and international speakers, in addition to the participation of a number of local and international organizations and bodies related to the real estate development, housing and smart cities sector, within the framework of the social responsibility of economists, business leaders, investors, professionals, practitioners and experts in the real estate sector, under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail.
The forum’s establishment comes as a confirmation of the importance of the real estate sector in the Kingdom, as it is one of the pillars of the national economy, and out of a desire to raise its efficiency and encourage investment in it, in addition to enabling it to increase its contribution to the gross domestic product. The forum aims to contribute to improving the performance of real estate establishments, especially small and medium-sized ones, and raising the quality of their performance, in addition to expanding the base of participation of young men and women of the nation in the various fields and opportunities of the real estate sector.
The Future of Real Estate Forum seeks to be a global intellectual and scientific platform for discussing the present and future of the real estate sector, through a distinctive practical approach and by following a different methodology to enrich all discussion topics and present the best international experiences in order to contribute to raising and strengthening the future of the real estate sector. The forum also seeks to contribute to empowering the leaders of real estate makers locally and internationally under one roof to exchange experiences and information and discuss challenges and practices to develop the real estate sector as a supporter of achieving development and attracting investments to contribute to supporting the gross domestic product, in addition to providing job opportunities for national cadres in real estate establishments in a way that achieves prosperity and sustainable development.
The forum will discuss 10 strategic themes that cover all aspects of the real estate sector in the Kingdom, which are represented in regulatory and legislative trends on the real estate sector, future cities and urban development, smart cities and sustainability, the attractiveness and effectiveness of real estate investment, raising the level of quality and safety in building technology, quality of life in real estate development, financing in promoting the real estate market, artificial intelligence, the Internet of Things and big data in the real estate sector, human capabilities in the real estate sector, and social responsibility in the real estate market.
The forum's workshops address a number of topics related to the present and future of real estate, including real estate auctions and their impact on the sector, financing small and medium-sized real estate enterprises, disputes and the mechanism of real estate arbitration, improving the performance of real estate enterprises, the sovereign wealth fund and its impact on the sector, localization and challenges, real estate digitalization, real estate marketing, and real estate appraisal.
A number of events will be held on the sidelines of the forum, including an accompanying real estate exhibition and a real estate hackathon, with the participation of a number of relevant real estate entities and agencies, which will reflect the technological development in the real estate sector that has taken place in the Kingdom. The latest real estate technologies and the remarkable growth that has prevailed in the real estate market and contributed to creating a remarkable recovery in the supply and demand movements.
The forum targets a number of sectors and entities, most notably government sectors related to real estate activity, construction and development companies, specialized research and digital companies, banks, finance companies and investment funds, the Federation of Saudi Chambers and real estate committees in the Kingdom, in addition to specialized international organizations and associations, such as the International Monetary Fund, the World Bank, the International Real Estate Federation, and international ambassadors and embassies.
The Future of Real Estate Forum is an opportunity to discuss everything related to real estate in the Kingdom, especially in the field of regulations and legislation and their impact on the real estate sector and how they are affected by flexibility and dynamism. The forum is also an opportunity to review the results of in-depth studies of the real estate sector, and the figures related to the rates of demand for rent and ownership and the sources of this demand at home and abroad, as the speakers are expected to discuss a range of opinions on the targeted laws and legislation and their ability to deal with expected and unexpected risks and challenges.
