The National Real Estate committee at the Council of Saudi Chambers successfully concluded Sairec 4, the Prominent Real Estate conference that was held under the patronage of Minister of Housing, Mr. Majed AL Hogail, earlier this month at BurjRafal Hotel Kempinski, Riyadh. The conference was conducted under the theme “The Real estate Role in the Transformation Process” and aimed to discuss the corrective actions that should be taken and the real estate laws and regulations, the public private partnerships, and their effect on the future of the real estate sector in Saudi Arabia and the economy in general.
The conference also highlighted the importance of urban planning and its role in real estate development, the individuals’ real estate mortgage and how it can stimulate development projects, the role of financial institutions and the real estate valuation in enhancing real estate investment, and the sustainable economic value in managing the Real Estate facilities.
RAFAL Real Estate Development Company, the premier residential community innovator in Saudi Arabia, were among the first who adopted the 2030 national transformation vision, who are keen to support and host economic and Real estate events such as Sairec 4 which was hosted at the Burj RAFAL Hotel Kempinski, Riyadh. Mr. Abdulrahman Bajunaid, Managing Director, RAFAL Real Estate Development Company, said “The Real estate sector is a key pillar in the economic development process and RAFAL is here to stress this fact.
This conference was conducted according the 2030 national transformation vision, and it discussed the real estate sector challenges and opportunities, the relevant governmental bodies’ efforts to support theReal estate’s regulatory and operational framework, to present an advanced model of Public Private Partnership.” It is worth mentioning that RAFAl real estate development company was established with the objective of developing distinguished residential communities with unique lifestyle that enriches the Saudi Real Estate Sector and offers both clients and investors a real opportunity to live and invest in.