His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, headed to the United States of America to participate in the \u201cGenie May\u201d Global Investors Summit on Affordable Housing Finance, and to review the Kingdom\u2019s experience in developing the housing and real estate finance system, and the transformations it has witnessed in policies and financing enablers, in addition to discussing prospects for strengthening international cooperation and partnerships in related fields.<\/p>\n\n\n\n
The participation comes as an extension of the transformations taking place in the housing sector in the Kingdom within the objectives of Saudi Vision 2030, through the development of policies, legislation and financing enablers, enhancing integration between the financing system and the development of housing supply, and stimulating the participation of the private sector, which contributes to building a more efficient and sustainable real estate market, diversifying housing options for Saudi families, and achieving the target of raising the rate of homeownership to 70% by 2030.<\/p>\n\n\n\n
The participation will address opportunities to benefit from international experiences in developing tools Real estate finance<\/a><\/strong>Enhancing the efficiency of the secondary market, expanding the investor base, diversifying liquidity sources, developing risk management mechanisms, and improving the efficiency of financial institutions are all aimed at supporting the sustainability of housing finance and enhancing the market's ability to meet the needs of beneficiaries.<\/p>\n\n\n\n The visit also represents an opportunity to exchange experiences and explore areas of cooperation with international institutions related to the housing and finance sector, in the areas of developing housing policies and urban planning, and strengthening Housing supply<\/a><\/strong>Developing refinancing and real estate securitization tools, and taking advantage of operational models and financial and technical solutions; which contributes to the development of the Saudi real estate market, and raises its efficiency and ability to attract quality investments.<\/p>\n\n\n\n These efforts complement the Ministry of Municipalities and Housing\u2019s direction towards developing an integrated urban and residential system that promotes the concept of \u201cLifestyle\u2026 From your home to your city\u201d by improving the quality of housing, upgrading the urban environment, and enhancing the integration of services and facilities; which contributes to creating vibrant communities that provide residents with the means to live at a higher quality, and supports the Ministry\u2019s objectives in improving the quality of life and achieving sustainable urban development.<\/p>\n\n\n\n Read also:<\/strong><\/p>\n\n\n\n \u00abAl-Haqil: The real estate market in Riyadh is moving from speculation to development.<\/strong><\/a><\/p>\n\n\n\n Al-Haqil: The facilities management market in the Kingdom exceeds $50 billion in size.<\/strong><\/a><\/p>\n\n\n\n Al-Haqil: Regulating the documentation of real estate transactions for land subject to fees protects the state\u2019s rights and stimulates an increase in the real estate supply<\/strong><\/a><\/p>\n\n\n\n \u00abAl-Haqil\u00bb: Amendment to the Resolution on the Development of Land Zoned and Allocated for Housing Support Programs Boosts the Real Estate Supply<\/strong><\/a><\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Minister of Municipalities and Housing participates in an American summit to present the Kingdom\u2019s experience in financing affordable housing and strengthening international partnerships.<\/p>","protected":false},"author":27,"featured_media":112534,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u00ab\u0627\u0644\u062d\u0642\u064a\u0644\u00bb \u064a\u0633\u062a\u0639\u0631\u0636 \u062a\u062c\u0631\u0628\u0629 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