Arab News, Thu, Jan 11, 2024 | Jamada Al-Aakhirah 29, 1445
Innovation and sustainability in the spotlight at Real Estate Future Forum in Riyadh this month
Saudi Arabia:
Emerging property trends, in particular innovations and sustainable solutions,
will be in the spotlight at the third Saudi Real Estate Future Forum in Riyadh
from Jan. 22 to 24.
More than 300 speakers from 85 countries,
representing the public and private sectors, are expected to take part in the
event, organizers said, which has the theme: “The Power of Flexibility...
Building a Sustainable and Prosperous Real Estate Future.”
Participants at the forum, which takes place under
the auspices of the Ministry of Municipal and Rural Affairs and Housing, will
include local and international economists, investors, decision-makers and real
estate experts, the Saudi Press Agency reported on Wednesday.
Ministry spokesperson Saif Al-Suwailem said the
forum reflects the important role of the real estate sector as a key tool for
economic and social development, and the event will play a vital role in
expanding knowledge, as well as the local and international exchange of
expertise and experience.
The Kingdom is experiencing a real estate and
urban renaissance as a result of major and diverse projects and continuous
development efforts, he added, and the forum offers an opportunity to review the
many success stories, discuss best global practices, explore the latest
technologies and ways to use them, and promote sustainable development as a way
to achieve a more developed and brighter future.
The forum will feature more than 30 discussion
sessions and 25 workshops covering a wide range of important strategic topics,
including innovation in the real estate industry, developments in the sector,
key challenges, new opportunities, emerging trends, sustainable financing
solutions, and the real estate industry’s role in improving the quality of
business.
Participants will explore the effects of various
strategies on growth and sustainability in the sector, the transformation of the
real estate industry, the future effects of technological developments,
including the impact on architectural creativity in cities and urban
flexibility.
Other topics for discussion will include the role
of the real estate sector in improving the hidden wealth of cities, technical
services, the future of commercial real estate, adaptation and innovation, and
ways to accelerate growth in the sector.
An accompanying exhibition will run alongside the
forum, featuring pavilions showcasing the latest developments in real estate
technologies, advanced products and financing solutions. Organizers expect a
number of partnership agreements and memorandums of understanding to be signed
during the event.