The CEO emphasized Public Authority for Real Estate Engineer Abdullah bin Saud Al-Hammad said that the Kingdom of Saudi Arabia, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud - may God protect them - is moving confidently towards realizing its vision for its future, its people and the region in general, and for creating a more advanced urban future in harmony with sustainability standards and global environmental challenges.
Al Hammad explained that KDIPA's participation in the World Urban Forum «WUF12 It comes out of its belief in the importance of cooperation and local and international partnership in facing urban challenges and building sustainable modern societies that support flexibility and adaptation to the changes of the current and future era, in addition to reviewing the latest global practices and experiences to build future cities that meet the needs of citizens, visitors and investors, and enhance the quality of life to achieve the creation of more vibrant, sophisticated and innovative integrated societies to face future challenges.
This came in a speech delivered by the official spokesperson of the General Real Estate Authority, Tayseer bin Mohammed Al-Mufaraj, during the World Urban Forum on behalf of the CEO of the Authority that the Kingdom has adopted within its journey to develop cities the approach of addressing informal settlements and transforming them into sustainable vital communities to improve the lives of citizens, residents and visitors and provide adequate housing, which confirms the importance of reshaping the map of cities to achieve their humanization and sustainability and strengthen their infrastructure in various forms and aspects, including the legal infrastructure of real estate which plays a vital role in building sustainable future cities and that the urban challenges faced by the world.
He stressed that the housing and real estate system in the Kingdom continues its endeavor to create a balance between urban development and environmental diversity, and to create an urban environment that enhances the well-being of the population, as real estate legislation in the Saudi real estate sector has contributed to the governance of the sector and allowed flexibility to grow and adapt to changes, to build communities based on renewable energy, managed by artificial intelligence techniques, and establishing a lifestyle that is more sustainable and balanced between humans and nature. The Real Estate Registry system is a key pillar to achieve this urban transformation and contributes to the regulation of land acquisition and registration of ownership in a transparent and accurate manner, allowing local and international developers and investors to optimize the use of real estate assets and enhance the reliability of the investment environment and the real estate market in Saudi Arabia.
The World Urban Forum (WUF) is one of the most prominent United Nations conferences concerned with sustainable urban development, aiming to address the issue of global urbanization as one of the most pressing issues facing the world today, and KDIPA is participating in it through its team and the dialogue sessions it participates in and the workshops it holds to introduce the real estate legislations, including the “Off-Map Real Estate Sale and Leasing System”, in addition to highlighting the pivotal role of innovation, digital transformation and the use of real estate technology in Saudi Arabia to open up the future horizons of the real estate industry In addition to highlighting the pivotal role of innovation, digital transformation and the use of real estate technology in Saudi Arabia in opening future horizons for the real estate industry, and reviewing the role of the real estate registration system “Real Estate Registry”, which is a key pillar for achieving urban transformation, in addition to the role of the real estate registration system “Real Estate Registry”, which is a key pillar for achieving urban transformation.
She also participates Public Authority for Real Estate The forum is part of its role in fostering collaboration between real estate industry leaders, policymakers and experts from around the world.
