During his speech at the opening of the fourth edition of the Future Real Estate Forum, Engineer Abdullah bin Saud Al-Hammad, Chief Executive Officer of the Real Estate General Authority (REGA), affirmed that the Saudi real estate sector offers fertile ground for bold investment ideas. He highlighted the sector’s vitality, driven by a dynamic and youthful environment that is shaping its future. Notably, 43% of the workforce in the real estate sector is between the ages of 18 and 34, making it one of the most attractive sectors for young professionals.
Al-Hammad stated that the real estate sector’s contribution to the Kingdom’s GDP has reached 12%, and more than (1,131) licenses for foreign real estate investments were issued during the third quarter of 2024. These figures reflect the confidence of global investors and reinforce Saudi Arabia’s position as a leading international investment destination, underpinned by strong and reliable legislation.
He added that through the Future Real Estate Forum, REGA aims to chart a new roadmap for ambitious visions by encouraging the exchange of ideas and expertise. The future being envisioned—and the opportunities showcased through the forum—is one that belongs to all humanity: a future of healthy, vibrant environments that enhance quality of life. The Saudi real estate industry aspires to become a model for building modern urban communities, leveraging real estate technologies to conserve natural resources and to construct green buildings and future-ready cities and residential areas.
It is worth noting that the Future Real Estate Forum is organized by REGA in partnership with the Ministry of Municipalities and Housing, with the goal of strengthening Saudi Arabia’s position as an attractive hub for real estate investment and building a prosperous and sustainable industry. The forum also serves as a platform for local and international real estate leaders to connect, share experiences, and exchange knowledge. Through the presentation of globally recognized best practices, the forum seeks to advance the future of the real estate sector and highlight its vital role in improving quality of life and humanizing urban environments. The event features the participation of elite economists, investors, decision-makers, and experts from across the global real estate ecosystem.