Saudi Minister of Municipalities and Housing Majed Al-Hogail recently participated in the 2026 Global Investor Summit on Financing Affordable Housing in Alexandria, Virginia. During the summit, Al-Hogail highlighted significant investment opportunities in Saudi Arabia’s housing finance market, including sukuk and real estate financing, and discussed strategies to strengthen partnerships with international investors and financial institutions.
On the sidelines of the event, the minister met with US Secretary of Housing and Urban Development Scott Turner to discuss expanding bilateral cooperation in housing, urban planning, and real estate finance. The two sides reviewed ways to increase the housing supply, encourage private-sector investment, and develop new real estate financing tools.
The meeting also focused on improving coordination between housing authorities and financial institutions to make the market more efficient and expand homeownership options for families. Additionally, both parties discussed establishing a framework for technical cooperation, exchanging expertise, and arranging reciprocal visits to strengthen ties between Saudi and US institutions.