On Wednesday, March 14, the Real Estate Development Fund (REF) will organize the \u201cHousing Finance in Saudi Arabia\u201d conference, the first housing finance conference in the Kingdom, to discuss the challenges of obtaining housing finance for individuals, the roles of financial institutions in stimulating the housing sector, and the investment opportunities available in this field, with the participation of His Excellency the Minister of Housing, Mr. Majid Al Haqeel.<\/p>\n
The Real Estate Development Fund explained in a press release that the conference, which will be held at the Four Seasons Hotel in Riyadh, will be attended by a large number of decision-makers, financing and banking authorities, in addition to real estate investment and development companies, and experts from outside the Kingdom, will highlight the ongoing reforms in the housing finance market in Saudi Arabia, the challenges it faces and the executive solutions to overcome them, in addition to the Fund's transformation to a new financial model.<\/p>\n
The conference will discuss the challenges of the housing market landscape in Saudi Arabia, and the reforms planned by the government to increase homeownership in accordance with the Housing Program (one of the programs to achieve Vision 2030).<\/p>\n
In one of the conference sessions, the General Supervisor of the Real Estate Development Fund, Mr. Khaled bin Mohammed Al-Amoudi, will discuss the transformation of the Fund into a financial institution, in order to enable the Fund to serve the current generation of citizens and future generations as well, and will explain how the Fund will apply the best international practices and standards to develop the housing sector in the Kingdom, as Al-Amoudi will explain how the Real Estate Fund will work with its new status to facilitate citizens' access to real estate loans, stimulate the banking sector to play an active role in helping the housing sector and increase investment in the sector to ensure the balance of supply and demand.<\/p>\n
The \u201cHousing Finance Conference\u201d will also witness a number of presentations, meetings and panel discussions addressing the challenges of accessing housing finance for individuals, the roles of financial institutions in stimulating the housing sector, leading residential investment opportunities in Saudi Arabia, and digital transformation and its benefits in housing finance.<\/p>\n
The \u201cHousing Finance Conference\u201d is jointly organized by the Real Estate Development Fund and Euromoney Conferences, which specializes in global finance and investment conferences.<\/p>\n
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