RIYADH: Saudi Arabia’s Housing Program, part of the Vision 2030 initiatives, is launching a new community in Riyadh to foster innovation in the sector. The program is collaborating with The Stage, a coworking space in the capital, to create a dedicated meeting space for industry enthusiasts. The partnership aims to foster housing sector innovation, raise awareness about program initiatives, and produce valuable knowledge resources, the Saudi Press Agency reported. It further aims to encourage individuals to propose innovative concepts and initiatives in the industry, while showcasing the program’s opportunities for private and nonprofit players. The agreement will see meetings organized involving decision-makers, experts, and industry stakeholders. The agreement also includes a hackathon event to engage talented individuals in project development and skills enhancement. “This partnership will be the first point in building an effective society to serve the housing sector and achieve the goal of the Housing Program in Saudi Vision 2030,” Nowfal Al-Salamah, CEO of the Housing Program, said in a tweet. “Looking forward to what the housing community will contribute to building links between all parties in the sector to come up with innovative ideas and solutions that shape the future of the sector,” Al-Salamah added.  The Housing Program, launched in 2018, is developing the Kingdom’s real estate industry through collaborative programs to stimulate investment and market efficiency.