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Housing Minister Majid Al-Hawqeel inaugurated the exhibition "Wafiq 2019", organized by the sales program on the "Wafi" card at the Hilton Hotel from March 9th to 11th.
The Housing Minister said at the opening ceremony that "WAFEX" will be held in the city of Jeddah after its first edition in Riyadh, in order to continue the process initiated by the Ministry of Housing during the period elapsed to present its activities and programs. Have an impact on the development of sales activity on the map.
He added that at the first edition of the exhibition, many successful models had been presented in the field of selling residential units on the map, whether at the local, regional or international level, while the exhibition in its current version aimed to present other models that have proven themselves: sell on the map as a real estate promotion activity. Is a worldwide experience that has been proven in many countries through the success of its application and efficiency.
He pointed out that the Department, through its partnership with the private sector, had adopted the sales products on the map – projects under construction – to allow citizens to own quality goods at reasonable prices. , among the various housing assistance options provided by the guardian government of the two Holy Mosques. From the experiences of the first and the reflection of these successful experiences on what we are implementing in our current and future projects.
He said that during the last period, since the launch of the first phase of the "residential" program in early 2017, the ministry had made great strides in this area, and the number of projects launched by the program with more than 69 projects provided about 130,000 dwellings in the Kingdom's regions and cities, The projects authorized by the program on the private sector allowed the positive competition to adopt the applications of construction techniques and to support locating production facilities for these technologies and increasing the reliance on local content to achieve one of the most important goals of the ambitious 2030 vision.
On residential projects associated with the "Residential" program, Al-Hokail stressed that the success of these projects, carried out in partnership with the private sector, is linked to several key factors, notably the realization of these projects to the satisfaction of the citizens, because they are the main beneficiary and the main axis. Projects and speed of delivery.
He emphasized that the role assigned to the Wafi program was not limited to licensing, monitoring projects, their achievements and quality, but rather served as a catalyst for the rehabilitation of real estate developers who could create high quality projects, highlighting the need to activate the real estate sector in its various forms and tools. Economically direct.
Al-Huqail thanked the Wafi program for the organization of the forum and exhibition, his team wishing to enrich the real estate market in this area, the brothers of the United Arab Emirates to attend and participate, as well as all the exhibitors of real estate development companies, engineering and accounting offices and financing institutions present at "
The general manager of real estate development, Mr. Mohammad Al-Ghazwani, gave a speech welcoming the participants to the fair, pointing out that it held many important files at the service of the real estate development activity, and welcomed the integration of departmental initiatives aimed at realizing the strategies defined by the multiplicity of real estate options. To the citizens and seek to increase the ownership share of housing while maintaining the quality and the appropriate price to realize the vision.
"The sale on the map is one of the best real estate development models in the housing sector.The year 2007 was marked by the creation of the Real Estate Regulatory Authority. (RERA), and the laws of Dubai have put up modern systems for sale on the map, "said Sultan Bin Majran, Avix 2019" will offer all sales programs on the map.
The committee organizing the activities of the forum has announced the launch of the Best Real Estate Developer Award, designed to encourage companies to achieve the highest levels of design, implementation and marketing of sales projects presented on the map. as well as the innovation of projects and mechanisms and ideas, as well as encouraging companies to activate research and studies. The distinctive role in this real estate business.
The Housing Minister paid tribute to the participating sponsors of the exhibition "WAFEX 2019", followed by the signing of cooperative program mechanisms, including the Abu Dhabi Housing Authority and the urban planning departments , municipalities and land use planning and real estate Dubai, as well as an agreement between the Wafi program, the General Organization of Small and Medium Enterprises. With the Saudi Real Estate Institute.
The Minister of Housing inaugurated the accompanying exhibition of the forum bringing together real estate development companies, financial institutions and engineering and accounting offices to present international experiences of buying and owning property. Residential units on the map of projects "under construction". .
The exhibition will cover a number of topics with real estate professionals during two sessions: "Urban planning, quality of life, integration of public transport in housing projects" and "Role of public authorities in support to the housing sector and the UAE experience ". It is nine o'clock in the morning.
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