{"id":24103,"date":"2019-02-12T15:46:38","date_gmt":"2019-02-12T12:46:38","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=24103"},"modified":"2019-02-12T15:46:38","modified_gmt":"2019-02-12T12:46:38","slug":"%d8%a3%d9%81%d8%b6%d9%84-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-3","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/24103\/","title":{"rendered":"Previous successes. Riyadh will host the Saudi International Real Estate Conference (SIRC5) on March 6"},"content":{"rendered":"

The National Real Estate Committee at the Council of Saudi Chambers announced that it is organizing the launch of the fifth edition of Saudi International Real Estate Conference \u201cSIRC5\u201d<\/a> This came during the press conference organized by the National Real Estate Committee, the organizer, on Monday, March 6-7, 2019, at the headquarters of the Council of Saudi Chambers. The conference will include real estate companies, real estate finance companies and interested parties from the sector.<\/p>\n\n\n\n

Laying the groundwork for resolving real estate issues<\/strong><\/h3>\n\n\n\n

For his part, committee chairman Hamad Al-Shuwaier revealed that the\u201cCirque 5\u2033<\/a> It aims to lay the right foundations for the future of the real estate market in the Kingdom, contribute to the development of regulations and legislation for the Saudi real estate market and real estate finance companies, study and analyze new decisions, procedures and regulations in the real estate sector and foresee their effects on real estate activity and the national economy, as well as building a clear future for this market that stimulates investors according to scientific, professional and professional foundations, supporting its role in the national economy in light of the aspirations of Vision 2030.<\/p>\n\n\n\n

He stressed the special importance of the CIRC5 conference as it comes after the Kingdom's announcement of Vision 2030, in which much reliance is placed on the role of the national real estate sector in many aspects, most importantly its role in diversifying sources of income, developing infrastructure, implementing projects related to tourism and entertainment, in addition to housing projects and citizens' ownership of housing, as well as providing job opportunities to help localize jobs.<\/p>\n\n\n\n

Real estate sector covers 11% of GDP<\/strong><\/h3>\n\n\n\n

The head of the National Real Estate Committee at the Council of Chambers, Hamad Al-Shuwaier, revealed that Real estate sector<\/a> He hoped that the size of the real estate contribution will increase in the future, noting that the conference will address investment opportunities in educational buildings, the endowment sector, residential sector projects in cooperation with the Ministry of Housing, public transportation projects, which is one of the Public Investment Fund projects, and other projects.<\/p>\n\n\n\n

He said that the real estate market has succeeded during the past period in achieving a balanced growth rate as a result of radical changes among investors in modern and innovative real estate investment fields, as well as the growth of economic sectors, which enhanced the demand in the real estate sector, noting that investors in the real estate sector have many aspirations that support the growth of the sector in order to contribute to achieving the aspirations of the wise leadership in diversifying sources of income, perhaps the most important of which is the effective implementation of regulations issued by government agencies, including the activation and application of regulations and procedures that support the growth of the sector such as the real estate valuation system and regulations for banks and companies. .<\/p>\n\n\n\n

Five Key Themes at CIRC5\u201c<\/strong><\/h3>\n\n\n\n

Five main themes have been identified that will cover the conference:<\/p>\n\n\n\n