Minister of Housing inaugurates the second edition of the off-plan sales projects exhibition on the map "WAFIEX 2019" in Jeddah. | Ministry of Housing

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Tuesday 22 Dhu al-Hijja 1441 on August 11, 2020

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3/7/1440 -on- 09/03/2019Minister of Housing inaugurates the second edition of the off-plan sales projects exhibition on the map "WAFIEX 2019" in Jeddah.

He stressed that partnership with the private sector depends on the acceptance and satisfaction of the citizen.

Minister of Housing inaugurates the second edition of the off-plan sales projects exhibition on the map "WAFIEX 2019" in Jeddah.
 
The Minister of Housing, Majed bin Abdullah Al-Hogail, inaugurated today the exhibition and forum events of "WAFIEX 2019" for off-plan sales projects (on the map) in its second edition, organized by the off-plan sale or rent program "Wafi", which was held at the Hilton Hotel Jeddah during the period (9-11) of March. In the presence and participation of the United Arab Emirates as a guest of honor, and a number of specialists, and related parties in real estate in the Kingdom and abroad

The Minister of Housing, Majed bin Abdullah Al-Hogail, said during his speech at the opening ceremony that the exhibition and forum "Wafix" will be held in Jeddah after its first edition in Riyadh, to continue the process initiated by the Ministry of Housing during the past period to introduce its activities and programs. Welcoming the guest country for this year's edition (United Arab Emirates), and appreciates its presence to share visions and ideas and coordinate efforts between the two countries to produce fruitful results and recommendations that will have an impact on the development of sales activity on the map

"During the first edition of the exhibition, many successful models in the sale of residential units on the map were reviewed at the local, regional or international levels. While the exhibition aims at its current edition; providing definition of other models have proved successful, He added.

"Selling on the map as a real estate development activity is a global experience that has been proven by many countries around the world to be successful and effective," he said, pointing out that the ministry, through its partnership with the private sector, has adopted the off-plan products (on the map) - under construction projects - In order to enable citizens to own property with high quality and at affordable price as one of the multiple options for housing subsidy provided by the Government of the Custodian of the Two Holy Mosques -may Allah preserve him-for citizens.

The Minister of Housing said: "We look forward through such meetings to benefit from the experiences of our predecessors in this field and reflect these successful experiences on what we implemented in our current and future projects."

He said that during the last period, since the launch of the first phase of the "sakani" program early on 2017, the Ministry has taken great steps in this field, where the number of projects launched by the program where more than 69 projects provide about 130 thousand housing units in different regions and cities of the Kingdom, In addition to the dozens of projects licensed by the program on the private sector territory, which allowed positive competition to adopt the applications of construction techniques and support the trend towards the Saudization of factories to produce these technologies and thus increase the dependence on local content to achieve one of the most important goals of the ambitious "vision 2030".
On the housing projects associated with the "sakani" program, Al-Hogail stressed that the success of these projects, which are carried out in partnership with the private sector, are linked to several factors, starting from the realization of these projects and ending with the satisfaction of citizens; because they are the primary beneficiaries, and the main axis in addition to developing the regulations and legislations that help the growth of these projects , And the speed of their completion.
 
The off-plan sales or rent program "Wafi" pointed out that the role assigned to it is not limited to licensing and follow-up of the projects, the rate of achievement and quality, but beyond as a catalyst for the rehabilitation of real estate developers able to create high quality projects, pointing to the need to activate the real estate sector in various forms and tools cause its able to activate about 100 economic activity directly.
 
HE Mr. Al-Hogail gratitude the "Wafi" program for hosting the forum and the exhibition. His team was keen to enrich the real estate market in this field. He also expressed his thanks to attend the brothers in the United Arab Emirates for the participation and all exhibitors from real estate development companies, engineering offices, accounting and financing institutions present at "WAFIEX2019".
For his part, the General Supervisor of REDF, Chairman of the off-plan Sales or Rent Committee, Mohammed bin Saud Al-Ghazwani, welcomed the participants in the second edition of "WAFIEX", stressing that it carries many important files that serve the development activity of the real estate system on the map.