Abdullah bin Saud Al Hammad, CEO of the General Real Estate Authority, emphasized that the real estate market in Saudi Arabia has become a major player on the global economic scene, especially after the implementation of the system that allows non-Saudis to own real estate, which opens new horizons and wider opportunities for growth in the sector.
Abdullah bin Saud Al Hammad, CEO of the General Authority for Real Estate. <During his opening speech at the Future of Real Estate Forum 2026, which kicked off on Monday in Riyadh, Al-Hammad explained that this step represents a qualitative leap for the Saudi real estate sector, which has become more adaptable to global economic changes, attracting increasing international interest. He pointed out that the agreements and partnerships signed during the forum's previous sessions exceeded 50 billion dollars, reflecting the size of global confidence in the Saudi market. <The forum is held under the patronage of the Minister of Municipalities and Housing and Chairman of the General Authority for Real Estate, Majid Al-Hogail, and witnesses the participation of senior decision makers, investors, and local and international experts. This year's forum, in its fifth edition, focuses on several strategic themes, including global trends in the real estate market, smart urban development models, sustainability, digital transformation, and the role of modern legislation in enhancing the attraction of local and foreign investments.
The forum is held under the patronage of the Minister of Municipalities and Housing and Chairman of the General Authority for Real Estate, Majid Al-Hogail. The forum will also discuss the impact of major development projects such as NEOM, the Red Sea, and other projects that form integrated urban destinations that contribute to promoting sustainable economic growth and strengthening the competitiveness of the Saudi real estate sector at the regional and global levels.
The forum will also discuss the impact of major development projects such as NEOM, the Red Sea, and other projects that form integrated urban destinations.
