As the strategic partner and sponsor of urban development for the second year in a row, Retal today concludes its participation in the Future Real Estate Forum, which was held in Riyadh from January 23 to 25, 2023, under the auspices of Majid bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs and Housing, with the presence and participation of several local authorities. And regional and international, where the forum discussed the present and future of real estate in various dialogue sessions and workshops; To cover 10 strategic axes that included all aspects of the real estate sector in the Kingdom, with an accompanying real estate exhibition.
Rital and Bloominvest also signed a memorandum of understanding to establish 4 real estate funds with the aim of developing commercial, tourism and residential projects worth 4 billion Saudi riyals in the regions of Riyadh and the Eastern Province.
And as an extension of her active participation in the past year, Retal actively participated in the dialogue sessions of the Future of Real Estate Forum in its second edition to enrich the audience, in addition to the accompanying exhibition to review the latest communities and projects, to view the experiences of the relevant authorities, and to present their experience in conjunction with the exhibition activities.-
It is noteworthy that the Future of Real Estate Forum, in its second edition, discussed a number of axes related to the real estate system in the Kingdom, the most prominent of which are the efforts made by the competent authorities to upgrade this system through several initiatives, including the employment of modern technologies, smart applications, and the establishment of legislative laws and regulations that make the real estate sector an attractive sector. In addition to supporting several other sectors, including tourism, industry and trade.--
Abdullah bin Faisal Al-Buraikan, CEO of Retal, said: “Our participation as a strategic partner, the urban development partner, stems from our belief in the necessity of our presence in various real estate activities affecting the field. Let us present our experience and challenges that resulted in our successes, and come up with qualitative and sustainable solutions that serve all participants in the sector, as the forum is an important opportunity to serve this goal. Retal is always striving to set new standards in the urban development sector in the Kingdom.”
The CEO explained that Rital’s participation included the accompanying real estate exhibition, through a special pavilion on the sidelines of the forum; With the aim of introducing the company’s achievements and its current and future projects.