Saudi Arabia To Lead Arab Housing Council's Executive Bureau For Upcoming Session

The Kingdom of Saudi Arabia has been chosen to lead the Executive Bureau for the 2026–2027 session, as announced by the Council of Arab Ministers of Housing and Reconstruction. This decision acknowledges Saudi Arabia's significant contributions to the housing sector and its efforts in fostering Arab cooperation. The announcement was made during the council's 42nd session in Doha, Qatar.

Minister of Municipalities and Housing Majed Al-Hogail highlighted Saudi Arabia's achievements in developing a comprehensive housing system. He noted that these efforts have improved quality of life and residential stability. Al-Hogail emphasized that housing is crucial for enhancing citizens' well-being and supporting economic stability.

Al-Hogail explained that Saudi Arabia has implemented various programs to diversify housing options. These initiatives aim to enable homeownership through sustainable solutions, strengthen private sector partnerships, and improve real estate financing efficiency. Such measures have helped achieve balance and sustainability in the real estate market.

By the end of 2024, Saudi Arabia's homeownership rate reached 65.4%, surpassing its 2025 target. This progress aligns with Saudi Vision 2030, which aims to enhance quality of life and create integrated residential communities. The vision seeks to establish a balanced real estate sector that meets citizens' needs effectively.

Al-Hogail credited Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud for his directives, which have been pivotal in maintaining balance within the real estate sector. These directives focus on expanding developmental housing systems and supporting vulnerable groups, ensuring their needs are met efficiently.

The minister stressed the importance of unified efforts among Arab countries to tackle common challenges in the housing sector. Sharing expertise is vital for addressing these issues effectively. The Kingdom's leadership role aims to strengthen joint Arab cooperation in improving housing systems across the region.

The council's decision reflects Saudi Arabia's commitment to advancing housing policies that benefit all Arab nations. By leading the Executive Bureau, Saudi Arabia will continue its efforts to enhance regional collaboration and promote sustainable development within the housing sector.

With inputs from SPA