Riyadh, January 21, 2023, SPA -- Minister of Municipal, Rural Affairs and Housing, Majid bin Abdullah Al-Hogail, has affirmed that the "Real Estate Future Forum" keeps pace with government trends in the real estate sector, and contributes to attracting foreign companies to invest in the Kingdom’s real estate sector, in general, and the housing sector, in particular, given that this sector represents one of the national economy’s main pillars. Al-Hogail said: "The forum represents an opportunity to exchange regional and international experiences and viewpoints to benefit optimally from them, as it represents an intellectual platform, at the local and international levels, to discuss the sector’s present and future, per a practical and scientific concept and method based on dialogue and discussion, and the exchange of ideas and opinions that boost the real estate sector.” The minister stressed that the success of the outputs of the forum in its first edition posed a great challenge to continue this success to enhance this boom in the future, adding that the forum represents a good opportunity to present the Kingdom’s experience and government efforts in developing and sustaining the real estate sector, especially the residential sector, as well as reflecting the efforts of the ministry's achievements in developing the urban environment, humanizing cities, and smart and modern building technologies. He noted the estimated efforts undertaken by the private sector in real estate, especially the residential sector, indicating that it is a strategic partner for the public sector, given that this partnership is based on devising practical solutions to inject housing products that meet the needs of citizens and contribute to raising the rate of Saudi families home ownership to 70 percent by 2030, per the objectives of the Kingdom's Vision 2030, in the housing sector. The "Real Estate Future Forum", in its second edition, and its accompanying activities, such as the exhibition and the real estate hackathon, will be launched in Riyadh, from January 23-25, 2023, where more than 30 countries and 100 speakers and decision makers who represent several local and international public and private sectors are expected to participate. --SPA 21:22 LOCAL TIME 18:22 GMT 0013 www.spa.gov.sa/w1842449