In the presence of more than 300 Saudi and Turkish personalities. The Saudi-Turkish conference and the accompanying exhibition for real estate development and investment was held in Istanbul, Turkey, with the participation of a high-level Saudi delegation headed by Dr. Abdulrahman Al-Zamil, Chairman of the Council of Saudi Chambers, where Engineer Khaled Bashweir, Chairman of the Housing Committee at the Jeddah Chamber of Commerce delivered a keynote speech in the real estate, housing and development session in which he invited Turkish businessmen to enter investments in Saudi Arabia, especially the residential development and construction sector and make partnerships with major Saudi developers to support this vital and important sector and drew the attention of Turkish development companies that have a project
Invitation for Turkish investment
Bashweir valued the wise royal decisions issued recently, which put investors, developers and housing authorities in a great challenge, and Bashweir pointed to the need for joint cooperation to fill the housing shortage, especially since the leadership supported the sector with 250 billion riyals to create 500 thousand housing units, He explained the mortgage system and infrastructure support in addition to the great and continuous support for the Real Estate Development Fund, which is the largest real estate finance bank in the world, and on the demand side there is an annual demand for the establishment of 200 thousand housing units at the level of the Kingdom, for example, the city of Jeddah in particular emphasizes its need, for example, to build 800 thousand housing units during the next twenty years.
<p class="p2The strength of the Kingdom's economy
Dr. Abdulrahman Al-Zamil, President of the Council of Saudi Chambers, delivered a speech at the conference in which he stressed the depth of Saudi-Turkish relations, stressing that the meeting between the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Turkish President Recep Tayyip Erdogan held recently in Riyadh reflected the depth of relations between the two countries.
The Saudi-Turkish conference launched many joint projects in infrastructure, general contracting, real estate and housing between Saudi businessmen and their Turkish counterparts.
