BIDAYA sponsors Saudi Housing Finance Conference in Riyadh


RIYADH — BIDAYA, one of Saudi Arabia’s top housing finance outfits, is sponsoring the Saudi Housing Finance Conference at the Four Seasons Hotel here, where the foremost event of its kind in the Kingdom will be stimulating wide-ranging and straightforward discussion on the current state of the housing sector, including finance issues, investment opportunities and the role of financial institutions in driving the housing investment sector forward.

Mazin Bin Ahmed Al Ghunaim, CEO of BIDAYA, said: “The conference constitutes a major platform for the development of the housing finance sector in Saudi Arabia, strengthening the sector and addressing its challenges, especially in light of the current reforms.”

“BHF will support the conference by participating in panel discussions as well as in in the accompanying exhibition,” Al Ghunaim said, adding: “BHF will highlight the importance of the housing finance sector and the local real estate market and will present its vision to develop the sector and its programs so that everyone can own their own homes.”

Al Ghunaim himself will be presenting the panel titled “increasing access to home finance”, in which panelists will be discussing the barriers to home financing in Saudi Arabia, financial products that customers’ need, the nature of consumers and mortgages, ways to digitalize the Saudi real estate market and many more.

The conference will be attended by Majed Bin Abdullah Al Hogail, minister of housing, Khalid Al Amoudi, general director of the Real Estate Development Fund, and Ahmad Al Sheikh; deputy governor for supervision in Saudi Arabian Monetary Agency (SAMA); in addition to a number of other experts on housing and real estate. Also, in attendance will be decision makers and representatives from finance, banking and real estate development and investment entities.

The conference is being organized jointly by the Real Estate Development Fund (REDF) and Euromoney Conferences, which specializes in organizing international finance and investment conferences. — SG