Saudi Arabia and China stand to gain by sharing expertise in city planning, sustainable urban development, and construction technology as officials from
Saudi Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail said that the Kingdom was working to transform at least 10 Saudi cities to become among the top 50 global cities, by achieving the factors of governance, sustainability, and interaction with residents. His remarks came on the sidelines of the Global Smart City Forum, organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) on Monday in Riyadh with the participation of world experts in the field of building smart cities and artificial intelligence.
Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail revealed on Monday that the banks’ contribution to real estate loans has reached over $173.3 billion, while the number of state-backed loans has reached about 750,000 contracts. Speaking at opening the third edition of the 2024 Real Estate Future Forum in Riyadh, Al-Hogail stated that real estate activities’ contribution to the non-oil GDP reached 12.2% until the third quarter of 2023. The rate of the construction sector reached 11.3% during the same period.
Saudi: Minister Al-Hogail unveils Real Estate Registry platform zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia has launched the Real Estate Registry (RER) platform that will be a central hub for all real estate transactions in the kingdom, providing a secure and reliable environment for the customers to smoothly complete all property transactions.