Saudi Arabia real estate reform ‘on the right track,’ housing minister tells conference

article author:

Frank Kane

Rawan Radwan

Author:

daniel fountain

ID:

1556141231304961300

Thu, 2019-04-25 00:43

RIYADH: Saudi Arabia’s real estate finance sector — crucial to the ambition of a home-owning economy under the Vision 2030 strategy — is maturing rapidly, a high-profile event in Riyadh heard on Wednesday.
“We’re on the right track,” housing minister Majid Al-Hogail told attendees on the first day of the Financial Sector Conference, designed to showcase Saudi Arabia’s finance industry to a world audience.
His comments came as financial institutions in the Kingdom announced a raft of measures to encourage more home ownership.