Under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing and Chairman of the Real Estate General Authority (REGA) Board of Directors, Mr. Majid bin Abdullah Al-Hogail, the Global Real Estate Leaders Summit will officially launch tomorrow in Riyadh. The summit will be attended by prominent figures in the real estate industry, chief executive officers of major companies, members of the International Real Estate Federation, and international speakers representing more than (110) countries.
The Global Real Estate Leaders Summit is held annually by the International Real Estate Federation to foster communication among real estate leaders and experts from across the globe. In its 42nd session, the Kingdom of Saudi Arabia won the bid to host the summit, which seeks to explore the latest developments in the real estate industry, including legislative and regulatory frameworks at both local and international levels. Discussions will also cover investment opportunities, the role of leadership in driving entrepreneurial innovation, the application of global best practices in the region, and the sector’s digital future through artificial intelligence. During the summit, the International Federation team and guests will visit several of the Kingdom’s most prominent real estate projects.
REGA’s official spokesman, Taiseer Al-Mufarrej, stated that Riyadh was selected to host the summit after intense competition with several leading global markets, including the United States, Africa, Asia, and the Pacific region. The Kingdom secured the majority of votes, making this the first time the summit is hosted in the Middle East and Africa region.
He added that the summit will open with specialized dialogue sessions and various meetings focusing on key areas such as marketing, innovation, leadership, and real estate management. These sessions will address the sector’s most pressing issues and highlight innovative solutions related to sustainability, long-term strategic planning, investment diversification, risk management, financing strategies, and the effective use of emerging technologies.
It is worth noting that the International Real Estate Federation is the world’s largest organization in the real estate ecosystem. Established in 1951 in France, the Federation has over (1.5 million) members across (70) countries. It adopts a holistic approach that integrates economic, social, and environmental dimensions in support of sustainable development. The Federation also promotes an advanced model for the growth of the real estate sector, emphasizing sustainable competitiveness in areas such as real estate technology, FinTech, and PropTech.