Real estateUpdated November 8

Al-Hogail takes Saudi housing finance to Ginnie Mae summit

Housing Minister Majid Al-Hogail is participating in the Ginnie Mae global investors summit on affordable housing finance in the United States to present Saudi Arabia’s experience in housing policy and mortgage finance, Okaz reports. The participation is set within Vision 2030’s housing program, which targets 70% homeownership by 2030. Summit discussions include exchanging experience on housing supply, mortgage refinancing and securitization, as well as market efficiency. They also cover investor participation, liquidity and risk management—topics tied to expanding financing options for Saudi families and developing a more efficient, sustainable real-estate market.

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Coverage started November 8