REGA Chief Eng. Abdullah Bin Saud Al-Hammad Highlights Saudi Arabia's Commitment To Sustainable Urban Development At WUF12

Eng. Abdullah bin Saud Al-Hammad, the Chief Executive of the Real Estate General Authority (REGA), highlighted Saudi Arabia's progress towards its ambitious vision under wise leadership. He stressed the Kingdom's dedication to creating a sustainable urban future that addresses global environmental challenges. Al-Hammad noted REGA's involvement in the 12th World Urban Forum (WUF12) in Cairo as a testament to its commitment to local and international partnerships.

REGA aims to learn from global best practices to develop cities that cater to residents, visitors, and investors. The goal is to enhance quality of life by building vibrant, integrated communities ready for future challenges. This approach involves transforming informal settlements into sustainable areas, improving housing, and reshaping urban landscapes with robust infrastructure.

Tayseer Al-Mufarrej, a spokesperson for REGA, emphasized Saudi Arabia's strategy for urban development. This includes creating human-centered cities with strong infrastructure and legal frameworks essential for future-ready spaces. He highlighted the need for international collaboration to address global urban challenges through innovative solutions that consider environmental, economic, and social aspects.

Al-Mufarrej pointed out that institutions in the housing and real-estate sector are working towards balancing urban development with environmental diversity. The aim is to create an environment that enhances residents' well-being while promoting sustainability through green energy and AI technologies.

The "Land Registry" system plays a crucial role in this transformation by organizing land ownership transparently. This system helps both local and international developers optimize real-estate assets, boosting investment reliability in Saudi Arabia's market. Real-estate laws have also facilitated sector governance, allowing growth and adaptation to changes.

WUF12 is a significant United Nations conference focused on sustainable urban development. It addresses global urbanization as one of today's most pressing challenges. REGA participates in this forum to showcase real-estate regulations and highlight innovation and digital transformation's role in opening new prospects for the industry.

Global Collaboration at WUF12

REGA's participation at WUF12 underscores its role in fostering collaboration among real-estate leaders, policymakers, and experts worldwide. The forum serves as a platform for discussing how technology can drive the real-estate sector forward while ensuring sustainability aligns with human needs.

The Kingdom's efforts reflect a comprehensive vision for urban planning that integrates various dimensions to serve future generations effectively. By focusing on these aspects, Saudi Arabia aims to build cities that balance human needs with nature while enhancing quality of life through innovative solutions.

With inputs from SPA