The Real Estate General Authority (REGA) concluded the activities of the "Real Estate People Forum," held as part of the "Ristatex Riyadh Real Estate Exhibition 2025" at the Riyadh International Convention and Exhibition Center. The forum focused on two key topics that have a direct impact on the real estate sector in the capital, Riyadh: the economic and developmental role of the Riyadh Metro Project in the real estate sector, and the future of the sector in light of hosting the 2034 World Cup.
REGA’s Official Spokesperson, Mr. Taiseer bin Mohammed Al-Mufarrej, delivering a speech on behalf of REGA’s Chief Executive Officer, Engineer Abdullah bin Saud Al-Hammad, stated that the forum aims to raise awareness of the real estate sector and foster the exchange of ideas and insights among experts and professionals about the challenges and opportunities facing the sector. He emphasized that the promising prospects in the real estate sector represent its future and open new horizons for practitioners across various real estate activities. He also stressed the importance of listening to experts and leveraging their developmental proposals to continuously improve systems and procedures, thereby enhancing market efficiency and boosting the sector’s attractiveness to investors.
During the first dialogue session, which brought together a distinguished group of experts specializing in economic and real estate fields, the speakers discussed the significance of the Riyadh Metro in shaping the economic and real estate landscape, highlighting how it enhances the quality of life for residents and visitors in Saudi Arabia. They also addressed challenges related to aligning existing infrastructure with the growing population density, as well as ways to develop the areas surrounding metro stations to promote sustainable urban development. The speakers noted that the project will stimulate economic activity, revive the vibrancy of the capital’s streets, increase the appeal of areas around metro stations, and drive demand for residential and commercial properties.
The second dialogue session focused on real estate investment prospects in light of hosting the 2034 World Cup. The speakers emphasized that hosting the 2034 World Cup and other major global events will create new opportunities for real estate investment, particularly in the hospitality sector, tourism facilities, and sports infrastructure. They discussed strategies for maximizing the use of sports venues and modern facilities after the tournament and how to utilize them to support the real estate sector in alignment with the objectives of Saudi Vision 2030. The speakers also noted that the Kingdom has allocated 11 sites for the construction of World Cup stadiums, as part of mega-projects valued at over (SAR 100 billion), which will enhance the appeal of the real estate sector and position it as a central hub for attracting tourism and economic investments.
It is worth noting that the "Real Estate People Forum" serves as a vital platform for discussing key issues and exploring future opportunities, contributing to the sector’s efficiency, transparency, and reliability. The forum is part of REGA’s ongoing efforts to develop the sector by raising awareness, improving systems and legislation, and supporting investment opportunities. REGA aims to continue hosting such real estate-focused events across various cities in the Kingdom to strengthen partnerships with stakeholders and offer innovative solutions to the challenges facing the real estate market.