With real estate the second largest contributing sector to Saudi Arabia's gross domestic product, investors are flocking to Riyadh to attend the Real Estate Future Forum.
On its first day, the forum hosted top officials and executives in the sector, led by Majid Al-Hogail, minister of Municipal and Rural Affairs and Housing.
The event will take place from 23-24 February.
Top speakers for Wednesday included the governor of Asir region, Turki bin Talal; minister of human resources and social development, Ahmad Sulaiman Al Rajhi,; and Mohammed bin Abdullah Elkuwaiz. head of Saudi Capital Market Authority.
The Knight Frank’s annual 2022 Saudi Residential survey, carried out in partnership with YouGov, found out that NEOM is the most preferred location to buy a home by the Kingdom’s homeowners, first-time buyers, and high net worth individuals.
Here are the key takeaways from day one of the forum:
Majid Al-Hogail, Housing Minister:
Ahmad Sulaiman Al Rajhi, Human Resources Minister:
Mohammed bin Abdullah Elkuwaiz, chairman of Saudi Arabia’s Capital Market Authority.
Nawfal Al-Khudhairy, CEO of Dar Al-Arkan Real Estate Development Co.:
Ihsan Bafakih, Governor of the State Properties General Authority:
Thabet Al-Sawyeed, Secretary General of the Saudi Contractors Authority:
Osama Al-Zamil, Vice Minister of Industry and Mineral Resources:
David Grover, chief executive of building group ROSHN: