Riyadh, SPA: Minister of Municipal, Rural Affairs and Housing and Chairman of Housing Program Committee Majed bin Abdullah Al-Hogail today inaugurated the fourth Saudi Housing Finance Conference "Euromoney" 2023, held this year under the theme "Opportunities and Challenges in the Housing Market".
The event attracts leading experts and thought leaders in the housing finance sector from the Kingdom, the Gulf region and other countries. The conference is an essential platform to exchange views on how to build sustainable growth in the housing market as part of ongoing efforts to improve market efficiency, in pursuit of the objectives of the Housing Program, one of the Saudi Vision 2030 projects.
The minister said at the start of the conference that "the housing market plays an important role in the Kingdom's growth and development", adding that the achievements over the past few years may be attributed to the contribution to and role of the housing sector in the national economy.
He drew attention to the importance of the housing program, which has a place among the objectives of the Saudi Vision 2030, and highlighted its role in the future of the real estate sector, adding that it gives industry experts, thought leaders and change makers the opportunity to meet and seek to "find pioneering solutions to address pressing challenges, safeguard the future of our country and of the surrounding regions. He noted that the conference provides a platform for meaningful communication and exchange of ideas, and that "sharing knowledge will distinguish the Saudi housing market for years to come".
The conference is organized by the Housing Program, the Real Estate Development Fund (REDF), the General Authority for Real Estate (REGA) and the Saudi Real Estate Refinance Company (SRC).
The conference attracted some 500 participants from around the world who will discuss the most important developments that help the Kingdom boast of an effective and innovative housing sector, and create opportunities to explore topics and issues of concern to the housing market, such as risk management and innovation, before presenting them to policymakers, financial regulators, bankers, state funds, companies and private capital providers from around the world.