On behalf of His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majid bin Abdullah Al-Hogail, Engineer Abdullah bin Saud Al-Hammad, CEO of the General Real Estate Authority and General Supervisor of the Housing Program, opened the exhibition “Restatex Riyadh Real Estate 2025" at the Riyadh Convention and Exhibition Center.
The Restatex Riyadh Real Estate, which runs through February 20, represents a new step toward enhancing competitiveness and growth in the Saudi real estate market, with a number of major companies and real estate developers participating to showcase the latest real estate solutions and products that meet Saudi families” aspirations for home ownership.
In this context, Engineer Al-Hammad emphasized that the new regulatory legislation approved by the government has helped boost the competitiveness of the Saudi real estate market, which has had a positive impact on its growth. He added that more than 1,000 real estate developers have been certified over the past three years, and 360 licenses have been granted for off-plan residential projects, which has helped provide approximately 200,000 housing units within integrated communities. These projects meet international standards and support quality of life and environmental sustainability.
He also noted that integrated efforts between the real estate and housing sectors have helped raise the home ownership rate among citizens from 47% to 64% by the end of 2024, reflecting the sector’s upward trajectory toward achieving its goals.
Engineer Al-Hammad added that the Saudi real estate sector has become one of the most competitive sectors in the region, with its contribution to GDP reaching 14% in 2024, while total foreign direct investment inflows exceeded 16% in the construction and real estate sectors. The real estate sector also contributed to the creation of more than 500,000 job opportunities for young Saudi men and women across more than 318,000 establishments in the construction and real estate sectors, making it one of the main drivers of national economic diversification and sustainable development.
In the context of the sector’s growth, Eng. Al-Hammad emphasized that global and local economic challenges, such as monetary policies and interest rates, affect the market; however, integrated regulatory policies and ongoing efforts to maintain market stability have helped overcome these challenges. He highlighted the importance of first-time homebuyer incentives, financial support, and tax exemptions, as well as increasing the real estate supply, in accelerating the implementation of real estate projects.
For his part, Taysir bin Mohammed Al-Mufarrij, Director General of Strategic Communications and Official Spokesperson for the General Real Estate Authority, explained that the Kingdom occupies a prominent position in the global economy and is considered one of the largest real estate markets in the region. He emphasized that real estate exhibitions play a vital role in promoting real estate investment and diversifying its sources, which aligns with the objectives of the Kingdom’s Vision 2030. He added that the exhibition helps raise competitiveness, offers multiple options to beneficiaries, and encourages the exchange of expertise among specialists.
Al-Mufarraj noted that the General Real Estate Authority will continue its efforts, in collaboration with its partners, to build an effective real estate ecosystem aimed at regulating the market and developing services, in line with the comprehensive renaissance the Kingdom is undergoing.
It is worth noting that “Restatex Riyadh Real Estate 2025” aims to highlight the real estate sector’s role in diversifying investment sources and showcase residential and mixed-use commercial projects, as well as real estate trends that contribute to the prosperity of the Saudi market and enhance its sustainability.
The exhibition aims to highlight the real estate sector’s role in influencing efforts to diversify investment sources, one of the most important goals of the Kingdom’s Vision 2030. It also showcases developments in the Saudi real estate sector, including residential and mixed-use commercial projects and their trends.
The exhibition also aims to highlight the Kingdom’s most prominent real estate development, housing, and integrated investment projects, with a focus on Saudi Vision 2030. The exhibition also aims to support the real estate sector and promote investment opportunities by showcasing residential development projects and best practices, and discussing key issues in financing and modern construction.
The exhibition will feature workshops and panel discussions on the most significant challenges and opportunities in the real estate market, challenges in real estate financing, and the future of housing, in addition to showcasing the latest technological solutions, modern construction methods, and real estate financing options. It is expected to attract a large turnout of industry professionals and those interested in real estate investment.
The Restatex Riyadh Real Estate Exhibition offers investors and developers an opportunity to explore the latest trends in the Saudi real estate market. This exhibition is part of ongoing efforts to support Saudi Vision 2030 and strengthen the partnership between the public and private sectors, thereby contributing to sustainable development and improving the efficiency of the real estate sector.
