REDF to host housing finance conference on March 14

Saudi Arabia’s Real Estate Development Fund (REDF) will host the inaugural Saudi Housing Finance Conference on March 14, 2018.

The conference, to be held at the Four Season’s Hotel in Riyadh, will focus on the raft of new reforms that have been designed and implemented to support and progress the Kingdom’s housing finance market. It will also focus on the introduction of REDF’s new financial model.

“We are bringing together key industry experts in order to develop solutions that directly address the housing needs and aspirations of the Saudi people and identify the significant opportunities that the housing sector presents,” Khalid Mohammed Al Amoudi, general director of REDF said in a statement.

The conference will also highlight subjects such as the role financial institutions have in enabling Saudi citizens to gain home financing, the digitization of home financing solutions and the significant investment opportunities for local and international partners, said Al Amoudi.

The conference will to open with a keynote address and interview with Minister of Housing Majed bin Abdullah Al-Hogail, who will provide an overview of the Kingdom’s current housing market and details of the range of reforms implemented and planned by the government.

Following this, Al Amoudi will deliver a keynote address on the role and plans for the new REDF and its transformation into a leading financial institution.

Leading industry experts – including Saudi policy makers, financial regulators, bankers and investment professionals – are expected to attend and discuss the opportunities and challenges of the country’s housing financing market.

“With the Kingdom experiencing year-on-year population growth (over 2 percent in 2017), the imperatives surrounding home ownership is a key priority for the Saudi government and is a key component of Vision 2030,” the statement said.

“In order address the challenges the sector faces, REDF has an explicit mandate to increase the access to home finance for all Saudi citizens, support the financial industry to back new housing initiatives and secure investment opportunities across the housing sector,” it added.

The REDF Saudi Housing Finance Conference is being organized in partnership with Euromoney Conferences.