(MENAFN) More than 50 Memoranda of Understandings were inked throughout Saudi Arabia’s Real Estate Future Forum hosted in Riyadh from the 23rd of January up to the 25th.
The MoUs were spread throughout real estate improvement and establishing technologies, the improvement and building of residential units, the constructing of real estate funds, in addition to the provision of advisory and administrative services, as reported by Saudi Press Agency.
The meeting was along with administrations trends in the real estate system and participate in drawing foreign firms to finance in the industry, as it is believed one of the pillars of the national economy, in line with the Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail.
While giving a speech at the summit, Prince Faisal bin Abdulaziz bin Ayyaf, Mayor of Riyadh Region, also underlined that the real estate industry, developers, agents, as well as the private sector are impactful elements that open the path for a hopeful future that can be endorsed in the building of towns.
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