With wide and varied participation in various real estate sectors, the Riyadh Real Estate, Housing and Urban Development Exhibition (Restatex 18) concluded last Wednesday evening at the Riyadh Exhibition and Convention Center, with the presence of more than 60 companies and exhibitors from major domestic companies and an estimated number of international companies, in addition to the participation of government agencies, representatives of the private and public sector and a remarkable presence of the public to which various residential and commercial products and plans were offered.
Minister of Housing cuts the opening ribbon.
Minister of Housing cuts the opening ribbon
Designated Minister of Housing Dr. Essam bin Saeed inaugurated the exhibition, stressing in the opening ceremony that the Ministry will continue with its directions and visions to exert more cooperation and coordination with the relevant government agencies in addition to strengthening the relationship with the real estate sector from owners, developers and investors as a strategic partner and a key pillar in real estate development starting from searching for land through planning and preparing its infrastructure and ending with its construction to be a suitable housing suitable for the citizen and the role of the Ministry is a supervisory role.
The Ministry of Housing has a supervisory role.
After cutting the ribbon for the official opening of the exhibition
Afterwards, he toured the exhibition.
Transforming the Real Estate Fund into a bank
The minister revealed a study to transform the Real Estate Development Fund into a housing bank affiliated with the ministry, adding: "The idea is on the table and is currently being discussed according to the legal procedures followed," noting at the same time that the Real Estate Development Fund has recently approved a package of programs that will contribute, God willing, to finding practical solutions to everything related to real estate financing mechanisms in order to provide housing urgently to those who deserve it.
The Minister of Housing valued the role of the private sector in supporting the ministry's directions, praising the success of the first experience of the Ministry of Housing, and that the new approach aims to accelerate the acquisition and provision of housing for citizens, and this comes in implementation of the directives of the wise leadership, and paired the success of the private real estate sector and the success of the ministry together in reference to the unity of purpose through smart partnership between the two parties. Minister of Housing
Honoring Sponsors The opening witnessed the Minister of Housing honoring the winners of the "Restatex Riyadh 18" awards, as well as the sponsors of the exhibition in its current edition. The following companies were honored: Dar Al Arkan Company for its diamond sponsorship, Ewan International Housing Company for its gold sponsorship and Al Omari Group, while Arjan Projects received the platinum sponsorship award and Riyad Bank was also honored for its bronze sponsorship. Riyad Bank was also honored for its bronze sponsorship.
Dar Al Tamleek won the Best Individual Finance Program Award, Amlak International won the Best Corporate Finance Award, and Al Omari Group won the Best Real Estate Developer Award. Sulaiman Abdullah Bin Saeedan Real Estate Group won the award for Best Real Estate Fund Investment.
Financing Participations Many government agencies participated in the exhibition in the Ministry of Housing and Real Estate Development Fund, the Ministry of Commerce represented by the Committee for the Sale of Real Estate Units on the Map, the Riyadh Municipality, the Higher Authority for the Development of Riyadh City and the Riyadh Chamber of Commerce and Industry.
Banks, banks and financing entities found a favorable opportunity to offer their services to the public and companies with real estate interest to put in their hands a package of Sharia-compliant financing solutions, all of which support the dream of owning a lifetime home with a competitive profit margin, and among the most prominent participating banks: Riyad Bank, Al Rajhi Bank, Saudi Holland Bank, SABB, Al Ahli Bank, Bank Al Jazira.
Companies fill the exhibition halls Companies, banks and financing entities spread out to cover all the spaces and halls of the place, where they were represented by wide offers of real estate and housing development and investment projects, plans and financing programs offered by banks and companies involved in financing the purchase of housing and real estate units, in addition to the participation of Gulf companies interested in marketing their projects and services in the Saudi market. Gulf companies interested in marketing their projects and services in the Saudi market.
A large group of real estate and housing development and investment companies are participating in this year's edition such as Dar Al Arkan, Basma Real Estate Management Company, Arjan Projects, Dar Al Tamleek specialized in individual financing, Duwawin Real Estate Company, Amlak International, Saudi Housing Finance Company (Sahl), Ewan International Housing Company, Amjal Real Estate Development Co, Amjal Real Estate Development Company, Makyon Company specializing in urban development, and Shrek Company from Jeddah, in addition to foreign participants that have obtained approved licenses to market their projects and services in the Kingdom's market, represented by Emirati companies such as Dubai Real Estate Company and Turkish companies reviewing their products for Saudi investors. Private companies The exhibition was characterized by the emergence of companies that gave the place a splendor and another dimension other than real estate development and finance, represented by interior design companies such as ModelCraft, which specializes in design in all its forms (digital, stereoscopic and interactive design), On the other side We glimpse a pavilion dominated by black and white color to find Barcord Asset Valuation Company (real estate, industrial, agricultural, commercial) and practicing valuation according to the standards of the Saudi Commission for Certified Valuers. The idea of itinerant advertising through displays of products and services carried by delegates on their backs, which caught the attention of many and invited them to stop and inquire.
