Riyadh – Mubasher: The Real Estate General Authority (REGA) has partnered with the public as well as private sectors to develop the real estate sector in a way that boosts efficiency and transparency.
REGA seeks to provide the best model for the real estate sector and enhance its investment environment, Saudi Press Agency (SPA) cited the authority’s CEO, Abdullah Alhammad.
On the sidelines of the Real Estate Future Forum (RFF), Alhammad highlighted that these strategic partnerships will improve the services provided to beneficiaries and investors, which will achieve flexibility, sustainability, and growth.
He also noted that the implementation of the real estate registry system in Makkah was one of the best experiences at the regional level.
The Ministry of Municipalities and Housing as well as the Ministry of Justice plan to cooperate to provide the best model for the real estate sector and improve its investment home across the Kingdom.
Majid Al Hogail, Saudi Minister of Municipalities and Housing, announced plans to deliver 20,000 housing units in 2025 at prices less than SAR 450,000.
