In a speech at the Cityscape Riyadh introductory forum held in London, Engineer Abdullah bin Saud Al Hammad, CEO of the General Real Estate Authority, emphasized that the real estate sector in Saudi Arabia is one of the main pillars of the ambitious national transformation project within the Saudi Vision 2030, which starts from the principle of developing people and place.
Hammad explained that the Kingdom is emerging today as a leading investment destination and a strategic partner in shaping the future of the real estate sector at the international level. Al Hammad explained that the Kingdom is emerging today as a leading investment destination and a strategic partner in shaping the future of the real estate sector at the global level, thanks to the great government support and effective integration between the various sectors concerned, which contributed to building a regulated real estate investment environment characterized by flexibility and reliability.
Hammad pointed out that the real estate sector in the Kingdom of Saudi Arabia is one of the main pillars of the ambitious national transformation project within the Saudi Vision 2030, which is based on the principle of developing the people and the place. Al Hammad pointed out that the opening of foreign investments in the Saudi market has enhanced the levels of competitiveness and contributed to accelerating the pace of real estate projects, stressing that investment opportunities are available to local and international investors, in the presence of a clear legislative environment and enablers for growth.
Hammad added. He added: “We at the General Authority for Real Estate believe that transparency and the availability of accurate data are the solid foundation for building trust, which we consider the real capital of any successful investment.”
He added that the Kingdom's ambitions in the real estate sector have contributed to accelerating the pace of real estate projects. He added that the Kingdom's ambitions in the real estate sector do not stop at the limits of project development, but extend towards redefining the concepts of modern life in future cities, stressing that the Saudi real estate market is now more mature and attractive, characterized by a high degree of transparency that enhances investor confidence.
The forum was attended by a number of participants. The forum witnessed a number of meetings and meetings that brought together international investors, high-level government officials and leading real estate developers to review the unprecedented investment opportunities in the Kingdom's real estate sector, which is one of the most active and vibrant sectors in the Middle East.
<The forum also provided a quality platform for direct communication between investors and decision makers from the Ministry of Municipal and Rural Affairs and Housing, the General Authority for Real Estate, the Ministry of Investment, as well as representatives from major government agencies and national companies, including: Saudi Real Estate Refinance Company, Saudi Housing Guarantee Services Company (Damanat), National Housing Company, Public Investment Fund, King Abdullah Financial Center Management and Development Company, Red Sea International, New Square Company, and Al Masar Sports Foundation.
The exhibition will also provide a platform for direct communication between investors and decision makers from the Ministry of Municipal, Rural and Housing Affairs, the General Authority for Real Estate, and the Ministry of Investment. Cityscape Global, which will be held in Riyadh in November, coincides with a comprehensive construction boom in the Kingdom, and aims to provide an international platform that brings together leading architects, urban planners, consultants and investors, as well as economic and municipal authorities, to discuss the latest developments in the real estate sector in the Middle East, North Africa and the world.
Cityscape Global will also be an opportunity to discuss the latest developments in the real estate sector in the Middle East, North Africa and the world. The exhibition will also be a unique opportunity for Saudi, regional and international companies to showcase their future projects and products to a global audience, as well as open new horizons for multinational partnerships and alliances that will enhance the Kingdom's position as a leading regional center for real estate investment and urban development.
The exhibition will also provide a unique opportunity for Saudi, regional and international companies to showcase their future projects and products to a global audience.
