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, will sponsor the launch of the second edition of the Maskan Real Estate Exhibition, which will open tomorrow, Thursday, 7 December 2023, and run for three days at the Four Seasons Hotel in Riyadh. The exhibition will feature the participation of several government entities, real estate development companies, and financing institutions.
The exhibition is designed to offer and facilitate direct ownership opportunities, with approximately (60,000) residential units, plots of land, and real estate schemes on display, representing a market value of more than (SAR 7 billion). This major real estate event aims to streamline the ownership process and provide an integrated experience for beneficiaries and visitors. The exhibition includes several key sections: a financing zone with the participation of local banks, a dedicated area for notaries to facilitate on-site ownership procedures, a section for real estate developers and companies, and a contracting and engineering consultancy section.
It is worth noting that the exhibition, along with its accompanying events and new project launches, reflects the ongoing efforts of real estate sector partners to achieve the goals of the Housing Program—one of the initiatives under Saudi Vision 2030. These efforts aim to raise the homeownership rate and bring together relevant entities and programs under one roof to develop the real estate sector, offer optimal housing and financing solutions, and contribute to delivering a distinguished and comprehensive housing experience for Saudi families.