Al-Hogail inaugurates the Restatex Riyadh Real Estate Exhibition 2023..and witnesses the launch of real estate funds with a value of more than 4 billion riyals

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His Excellency the Minister of Municipalities & Housing, Mr. Majid bin Abdullah Al-Hogail, inaugurated the Restatex Riyadh Real Estate Exhibition in its new edition for the year 2023, which will be held at the Riyadh International Convention and Exhibition Center during the period from 7-10 March, in the presence of a number of senior officials from government and financing agencies and companies. real estate development.

During the opening ceremony, Al-Hogail witnessed the launch of real estate funds with a total value of more than 4 billion riyals, in order to provide more than 4 thousand housing units in Riyadh and Medina on an area exceeding 1 million square meters. He also sponsored the signing of a number of agreements and memorandums of understanding.

Where a tripartite agreement was signed between the National Housing Company, the "Modern Building" initiative, and three factories of modern building technology service providers (Light Buildings Company (Seapowerx), Care International Company (Quadratex), and Technobuild Company (Forsa)); To provide modern construction methods for individuals, with the aim of enabling them to increase the housing supply, promote and open the market for modern technologies for individuals in self-construction projects, and raise the quality of the housing supply in a shorter time and at a competitive cost.

In this version, the exhibition includes 8 dialogue sessions centered on: (the real estate industry and the role of the government and private sectors, sustainability and quality of life in the real estate sector, urban development and Saudi innovation, digital transformation in the real estate sector, affordable housing, real estate brokerage, housing projects, challenges and solutions, success story balance between quality and price).

The exhibition also enjoys wide participation from real estate development and marketing companies, financing agencies, Saudi banks, and institutions specialized in housing and real estate affairs in the public and private sectors, which provide unique housing and financing solutions that suit various Saudi families and keep pace with the Kingdom’s Vision 2030.

It is noteworthy that the exhibition receives its visitors at the Riyadh International Convention and Exhibition Center until Friday, March 10, from 12:30 pm to 10 pm, in order to view the latest housing projects and financing solutions offered by real estate development companies and financing agencies.
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