Saudi Arabia: Emerging property trends, in particular innovations and sustainable solutions, will be in the spotlight at the third Saudi Real Estate Future Forum in Riyadh from Jan. 22 to 24.

More than 300 speakers from 85 countries, representing the public and private sectors, are expected to take part in the event, organizers said, which has the theme: “The Power of Flexibility... Building a Sustainable and Prosperous Real Estate Future.”

Participants at the forum, which takes place under the auspices of the Ministry of Municipal and Rural Affairs and Housing, will include local and international economists, investors, decision-makers and real estate experts, the Saudi Press Agency reported on Wednesday.

Ministry spokesperson Saif Al-Suwailem said the forum reflects the important role of the real estate sector as a key tool for economic and social development, and the event will play a vital role in expanding knowledge, as well as the local and international exchange of expertise and experience.

The Kingdom is experiencing a real estate and urban renaissance as a result of major and diverse projects and continuous development efforts, he added, and the forum offers an opportunity to review the many success stories, discuss best global practices, explore the latest technologies and ways to use them, and promote sustainable development as a way to achieve a more developed and brighter future.

The forum will feature more than 30 discussion sessions and 25 workshops covering a wide range of important strategic topics, including innovation in the real estate industry, developments in the sector, key challenges, new opportunities, emerging trends, sustainable financing solutions, and the real estate industry’s role in improving the quality of business.

Participants will explore the effects of various strategies on growth and sustainability in the sector, the transformation of the real estate industry, the future effects of technological developments, including the impact on architectural creativity in cities and urban flexibility.

Other topics for discussion will include the role of the real estate sector in improving the hidden wealth of cities, technical services, the future of commercial real estate, adaptation and innovation, and ways to accelerate growth in the sector.

An accompanying exhibition will run alongside the forum, featuring pavilions showcasing the latest developments in real estate technologies, advanced products and financing solutions. Organizers expect a number of partnership agreements and memorandums of understanding to be signed during the event.