The inaugural PropNext Forum concluded its activities in Riyadh, the capital of Saudi Arabia, after two days of dialogue sessions and in-depth discussions that brought together leading figures in the real estate sector, decision-makers, and investors from both the local and regional levels. The forum was organized as part of the Restatex Riyadh Real Estate Exhibition, serving as a strategic platform to analyze the rapidly evolving real estate landscape and anticipate its future in light of the major transformations taking place in the Kingdom and the region.
General context: A breakthrough at the heart of economic transformation
The inaugural edition of the “PropNext” forum comes at a pivotal time, as the Saudi real estate sector experiences an unprecedented boom driven by the goals of Vision 2030. This ambitious vision aims to diversify the national economy and reduce its reliance on oil, with real estate and urban development playing a fundamental role in achieving this. Mega-projects such as NEOM, the Red Sea Project, Qiddiya, and Diriyah are clear evidence of the scale of investment and ambition fueling the market, creating tremendous investment opportunities and necessitating specialized dialogue platforms to keep pace with and guide this growth.
The importance of the event and its expected impact
The inaugural edition of PropNext was more than just a side event; it marked the beginning of a specialized dialogue platform. Locally , the forum provided an opportunity for developers, regulators, and investors to exchange experiences and discuss the challenges and opportunities related to the new legislative environment, the digital transformation of real estate services, and the implementation of sustainability standards in urban development projects. Regionally , the forum served as the launchpad for a series of future editions to be held in other Gulf capitals, aiming to enhance Gulf real estate integration, unify visions, and facilitate intra-regional investment. Internationally, the success of such forums contributes to strengthening foreign investor confidence in the Saudi market and highlighting it as one of the most dynamic and attractive real estate markets in the world.
Strategic discussion topics
The forum featured high-quality discussions on vital topics, including the future of real estate investment in light of global economic changes, the importance of digital transformation (proptech) in enhancing sector efficiency, and smart real estate marketing strategies. Leading experiences and executive visions reflecting the maturity and development of the Saudi market were also presented, providing participants with a comprehensive view of future urban development trends. The success of PropNext in its first edition underscores the pivotal role of specialized dialogue forums as effective tools in shaping real estate vision, guiding institutional discussions, and anticipating regulatory and investment shifts in the region.
