Riyadh- Abdulrahman Al-Shahrani: The Future Real Estate Forum concluded its work by signing more than 50 agreements and memorandums of understanding over 3 days, in the field of real estate development <a style="color: #800000;" href="https://amlak.net., the development and construction of residential units, the establishment of real estate funds, as well as the provision of advisory and administrative services. During the launch of the forum, the Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al Haqeel emphasized in his speech that the "Future of Real Estate Forum“ keeps pace with the government trends in the real estate system and contributes to attracting foreign companies to invest in the Kingdom in the real estate sector in general and residential in particular, as this sector is one of the pillars of the national economy.
Future of Real Estate Forum.
UAE and empowering the real estate sector
His Royal Highness Prince Dr. Faisal bin Meshal bin Saud bin Abdulaziz, Governor of Qassim Region, during a panel discussion titled "The Role of Emirates, Governorates and Ministries in Harmonization to Empower the Real Estate Sector", stressed the importance of investing in rural tourism in all regions of the Kingdom, pointing out that the Kingdom's agricultural regions have distinct rural countryside and farms.
His Royal Highness Prince Faisal bin Meshal bin Saud bin Abdulaziz His Highness Prince Faisal bin Abdulaziz bin Ayyaf, Secretary of Riyadh Region, explained that the real estate sector is one of the strengths, reviewing the history of the city of Riyadh from the 1950s to today, stressing that the real estate sector, developers, real estate and the private sector are effective elements and with their participation can promote a promising future in building cities.
H4>H4.
Real Estate Arbitration
In its second edition, the Future of Real Estate Forum addressed a number of critical issues related to the real estate ecosystem, including: Alternative dispute resolution in the real estate sector, most notably "Real Estate Reconciliation and Arbitration", which enhances the status, importance and attractiveness of real estate and reduces the damage and risks of real estate disputes, leading to the stability of the real estate system.
The Future of Real Estate Forum, in its second edition, included a number of issues of great importance and relevance to the real estate system, including: Alternative means of dispute resolution in the real estate sector.
Alternative Means
The forum addressed, through its discussions and intensive sessions with the participation of specialized experts from inside and outside the Kingdom, the importance of alternative means of settling real estate disputes instead of resorting to the judiciary, as alternative means are considered the fastest and safest means of resolving real estate disputes, given that resolving real estate disputes through the judiciary may take a long time and may have consequences that harm both the disputants and the real estate, where reconciliation and arbitration are among the most important alternative means of resolving disputes locally, internationally and regionally.
Alternative dispute resolution is one of the most popular and accepted alternative means to resolve disputes among real estate professionals locally, internationally and regionally.
===== ==== ==== ==== ==== ==== ====
Summary of The Future of Real Estate Forum in its second edition
=== ===== ======
100 speakers from the public and private sectors.
30 participating countries.
40 sessions and 25 workshops.40 sessions and 25 workshops organized.
<60 pavilions for major real estate development and marketing companies, banks and government entities.
===== ===
10 themes in the forum
======= ===
Finance in boosting the real estate market.
Artificial Intelligence and the Internet of Things.
Big Data in Real Estate.
<Quality of life in real estate development.The impact of regulation on the real estate sector.
Future cities and urban development.Future cities and urban development. Smart Cities and Sustainability.
Smart Cities and Sustainability
Human capacity and qualification in the real estate sector.
<Smart construction in real estate. <Raising the level of quality and safety in construction technology.====== ====
Launching the "Mawad Platform" of the National Housing Company.
<50 agreements and memorandums of understanding worth 10 billion riyals. <Establishment of 4 investment funds to develop real estate projects.=== === ==== ===
Highlights of the topics discussed by the forum:
Alternative dispute resolution in the real estate sector.
Digital transformation in the Kingdom's real estate system. Efforts to attract real estate investments.
<The role of ministries in enabling the real estate sector. <The role of banks and financial institutions in supporting the sector.
Real estate disputes.
<The mechanism of reconciliation and real estate arbitration. <The importance of the reconciliation center and real estate arbitration centers.
