This came during the forty-second session of the Council of Arab Ministers of Housing and Construction, held in the Qatari capital Doha. This came during the 42nd session of the Council of Arab Ministers of Housing and Construction, held in the Qatari capital Doha, where H.E. Mr. Majid bin Abdullah Al Haqeel, Minister of Municipalities and Housing, reviewed the achievements of the housing sector in the Kingdom and its experience in building an integrated housing system that supports quality of life and housing stability.
In his opening speech, Mr. Al Haqeel stressed the importance of the Kingdom's leadership in developing the housing sector and promoting joint Arab action. <In his opening remarks, H.E. Dr. Hassan stressed that the housing sector is receiving growing attention from the leaders of Arab countries due to its importance in enhancing the quality of life of Arab citizens and supporting social and economic stability, pointing to the importance of unifying efforts and exchanging expertise to face common challenges in the housing sector. His Excellency expressed his thanks to the State of Qatar for hosting the session, praising the effective platform provided by the meeting of the Council of Arab Ministers of Housing and Construction to discuss the latest developments in the sector, anticipate its future trends, and exchange successful experiences that contribute to the development of housing policies and plans in the Arab countries.
He pointed out that the Kingdom of Saudi Arabia is one of the leading countries in the Arab world. He explained that the Kingdom of Saudi Arabia has worked over the past years to develop an integrated system of housing programs and initiatives, focusing on diversifying housing options, enabling citizens to own property through sustainable solutions, enhancing partnership with the private sector, and raising the efficiency of the real estate financing system, in order to achieve balance and sustainability in the real estate market.
He pointed out that these efforts have contributed to the development of housing policies and plans in Arab countries. These efforts contributed to raising the home ownership rate to 65.4% by the end of 2024, exceeding the 2025 target, as part of the objectives of the Kingdom's Vision 2030 to improve the quality of life and build integrated residential communities.
He pointed out that the directives of the directives of the Kingdom's Vision 2030 aim to improve the quality of life and build integrated residential communities. He pointed out that the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, have been a major pillar in consolidating and sustaining the real estate balance, enhancing the capacity of the housing sector to meet the needs of citizens, expanding the system of developmental housing and supporting the most vulnerable groups.
At the end of his speech, His Excellency praised the efforts exerted by the People's Democratic Republic of Algeria during its presidency of the previous session of the Council, expressing his hope that the work of the current session will contribute to achieving qualitative results that promote sustainable housing development in the Arab countries.
