Real Estate Future Forum begins with signing of transactions totaling USD2.7B
(MENAFN) On the first day of an industry conference in Saudi Arabia, real estate agreements totaling more than SR10 billion (USD2.66 billion) were inked.
The collaboration agreements and memoranda of understanding were signed during the second Real Estate Future Forum in Riyadh, which is taking place from January 23 to 25.
The agreements were centered on strategies for real estate development and construction as well as the creation of four investment funds for the development of projects in the commercial, tourism, and residential sectors.
According to the Saudi Press Agency, the Minister of Municipal and Rural Affairs and Housing Majed bin Abdullah Al-Hogail gave the opening remarks and emphasized the significance of the real estate industry to the government's efforts to build the economy.
The role of regions, governorates, ministries, and secretariats in coordinating the empowerment of the real estate sector, as well as regional efforts and their effects on the expansion of the real estate sector in the region, are among the ten strategic areas that the forum is going to address, according to him.
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