Redf to Host Inaugural Housing Finance Conference to Advance Solutions for Home Ownership

The Kingdom’s Real Estate Development Fund (REDF) is set to host the inaugural Saudi Housing Finance Conference at the Four Season’s Hotel in Riyadh on 14 March 2018.  

The conference, the first of its kind to be held in the Kingdom, will focus on the raft of new reforms that have been designed and implemented to support and progress the Kingdom’s housing finance market and also the introduction of REDF’s new financial model, which will see the organisation become a more financially sustainable proposition. 

Attendees will comprise of a wide-range of leading industry experts - Saudi policy makers, financial regulators, bankers and investment professionals - who will come together to discuss the opportunities and challenges of the country’s housing financing market.

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

The conference is set to open with a keynote address and interview with H.E. Mr. Majed bin Abdullah Al-Hogail, Minister of Housing, 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.

The Minister will be followed by Khalid Mohammed Al Amoudi, General Director of Real Estate Development Fund, who will deliver a keynote address on the role and plans for the new REDF and its transformation into a leading financial institution. He will also provide details of REDF’s commitment to serve current and future generations, the determination to implement global best practice and the ultimate goal of transforming the housing industry by increasing home ownership across the country.

Speaking ahead of the conference, Khalid Mohammed Al Amoudi, General Director of Real Estate Development Fund, said: “The objectives for this conference are very clear, we are bringing together all of the key industry experts in order to develop solutions that directly address the housing needs and aspirations of the Saudi people and to identify the significant opportunities that the housing 

sector presents, such as the key role financial institutions have in enabling Saudi citizens gain home financing, the digitization of home financing solutions and the significant investment opportunities for local and international partners. 

The REDF Saudi Housing Finance Conference has been organized in partnership with Euromoney Conferences, the world’s leading organizer of events for capital markets and investment professionals.