REGA Chairman inaugurates 2025 Restatex Real Estate Exhibition in Riyadh

Abdullah Alhammad, CEO of the Real Estate General Authority (REGA), inaugurated today, Feb. 18, the 2025 edition of Restatex Real Estate Exhibition 2025 held in Riyadh, on behalf of Minister of Municipalities and Housing, Majid Al-Hogail, who is also REGA Chairman.

The exhibition, held at the Riyadh International Convention and Exhibition Center, runs until Feb. 20, featuring extensive participation from leading real estate companies and developers.

Exhibitors are showcasing the latest real estate products and services designed to meet Saudi families’ aspirations for homeownership. The event also brings together real estate brokers, marketers, financial institutions, and investors.

Alhammad highlighted the government's growing commitment to the real estate and housing sector, emphasizing that progressive legislation and regulatory frameworks have significantly enhanced the competitiveness and growth of the Saudi real estate market.

Over the past three years, more than 1,000 real estate developers have been certified, and 360 licenses have been issued for new off-plan residential projects across the Kingdom. As a result, approximately 200,000 diverse housing units have been developed within integrated communities that align with global standards, enhancing quality of life, environmental sustainability, and social well-being.

He further noted that the integration of efforts across the real estate and housing sectors has helped raise the homeownership rate among citizens from 47% to 64% by the end of 2024, reflecting the sector’s upward trajectory toward achieving its strategic objectives.

Alhammad also underscored the Saudi real estate sector's growing influence, describing it as one of the most competitive in the region. In 2024, the sector contributed 14% to GDP, while the construction and real estate activities sector accounted for over 16% of total foreign direct investment inflows, highlighting its increasing appeal.

Additionally, the Saudi real estate market has generated over 500,000 job opportunities for young Saudi men and women across more than 318,000 establishments in the construction and real estate sectors, making it a key pillar in diversifying the national economy and driving sustainable development.

Despite rapid growth, the sector still faces challenges shaped by both global and local influential factors, including monetary policies, economic fluctuations, and interest rates, the CEO pointed out.

However, he emphasized that integrated regulatory policies have ensured market stability and sustainability. These efforts include incentives for first-time homebuyers, financial support, tax exemptions, a growing housing supply, and accelerated construction in collaboration with financial institutions and relevant sectors.

Additionally, REGA continues to monitor market dynamics, adapt to economic shifts, and develop innovative tools and policies to support the sector’s continued expansion, Alhammadi noted.

Tayseer Al-Mufarrej, REGA Spokesperson and Director General of Strategic Communication, highlighted Saudi Arabia’s prominent position in the global economy and its status as one of the largest real estate markets in the region. He pointed out that real estate exhibitions play a vital role in marketing and promoting real estate investments, while also supporting efforts to diversify investment sources, in line with the goals of Saudi Vision 2030.

Such events, according to Al-Mufarrej, help enhance market competitiveness, diversify product offerings, provide varying options for beneficiaries, and facilitate knowledge exchange among industry professionals through panel discussions and workshops.

Al-Mufarrej reaffirmed REGA’s commitment to collaborating with its partners to build a robust real estate ecosystem that strengthens market governance, improves service provision, and implements integrated, data-driven systems. These efforts align with Saudi Arabia’s broader development strategy under its visionary leadership.

Restatex 2025 aims to showcase the real estate sector’s pivotal role in diversifying investment sources, presenting mixed-use residential and commercial projects. This is while highlighting emerging trends that drive the Saudi real estate market’s sustainability and adaptability in an evolving economic landscape.