Majid Bin Abdullah Al-Hogail.

Saudi Arabia will be organising the Real Estate Future Forum in the capital Riyadh next year in collaboration with a number of local and international organisations and authorities from the real estate, housing and smart cities sectors.

The event, to be held from February 22 to 24 at the Ritz-Carlton Hotel Riyadh under the patronage of the Saudi Minister of Municipal, Rural and Housing Affairs, Majid Bin Abdullah Al-Hogail, will feature a host of local and international speakers.

According to experts, the real estate sector in Saudi Arabia is one of the major pillars of the national economy, and plays a key role in improving its efficiency and encouraging investment in it, thus boosting its contribution to the GDP.

The forum will discuss several strategic areas related to the real estate sector in the kingdom, which will include regulations, legislation, future cities, urban development, smart cities, sustainability, and investments.

The event seeks to serve as a global platform for the intellectual community to discuss the present and future of the real estate sector, according to the organiser. It aims to contribute to strengthening the local and international property sectors under one platform.   The forum also aims to contribute to improving the performance and quality of real estate enterprises, especially small- and medium-sized enterprises, as well as to broaden the participation of Saudi young people in various areas and opportunities in the real estate sector, says the organiser.

 The upcoming event will also discuss upgrading the quality, safety, technology, life, finance, human capital, CSR in the real estate sector as well as dispute resolution and settlement, sovereign funds, and digitalisation of land and real estate marketing.

 A number of events will be held on the sidelines of the forum including a real estate exhibition and a real estate hackathon.