Riyadh hosts the Saudi Housing Finance Conference “Euromoney 2023” next Wednesday

On Wednesday, May 24, 2023, Riyadh is preparing to host the fourth Saudi Housing Finance Conference “Euromoney”. This year's conference's topic was “Opportunities and Challenges in the Housing Market.” The event is overseen by the Minister of Municipal and Rural Affairs, and Housing, Mr. Majid bin Abdullah Al-Hogail, and attended by a number of experts and experts and thought leaders from the Kingdom, the Gulf region, and other world nations. The conference is a crucial forum for the exchange of ideas on how to create sustainable growth in the housing industry, and it comes as part of the continuous efforts made to improve the market efficiency in order to realize goals of the Housing Program, one of the Saudi Vision 2030 programs.

In addition to providing opportunities to explore topics and issues of concern to the housing market, such as risk management and innovation, the conference attracts about 500 participants from around the world. They will discuss the most significant developments that help the Kingdom boast of an effective and innovative housing sector and will present them to policymakers, financial regulators, bankers, state funds, companies, and private capital providers from around the world.

The Housing Program, the Real Estate Development Fund (REDF), the General Authority for Real Estate (REGA), and the Saudi Real Estate Refinance Company (SRC) will be the organizations responsible for organizing the conference.

The conference will also discuss the lessons learnt from international markets, the significance of financial markets, the capital markets, the new regulatory landscape, mega project, liquidation, and the increased interest rate. The conference will emphasize the fact that the goals of the Housing Program should conform to the goals of Vision 2030. The participants addressed the efforts made to enhance the ecosystem of housing market and the private-sector investments with the purpose of contributing to increasing the percentage of house owning to 70% by 2030, in a way that conforms to the importance of the housing, its financing and its role in the development and growth of Saudi economy.

There will be many meetings and interviews between their excellencies the Ministers and international experts such as Luca Bertalot, the Secretary General of the European Covered Bond Council (ECBC), Elias Abou Samra, CEO of Rafal Real Estate Development Company, Yazeed Al-Shamsi, Co-Founder and CEO, Ejari, Kobus Havemann, Director, KSA Country Manager, Turner & Townsend, and Richard Banks, the moderator.