Under the auspices of HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, the Ministry of Municipality organizes the 1st Qatar Real Estate Forum during Jun. 4-5, 2023, at Sheraton Doha Hotel.
With the participation of a number of Their Excellencies ministers, along with an elite of corporate executives working in the real estate sector, the forum highlights the regulations and legislations and their role in achieving a sustainable real estate industry.
Featuring 35 keynote speakers and 1500 representatives from public and private sectors, alongside real estate developers and experts in this field, the forum includes 11 sessions and workshops to further discuss everything related to this critical sector.
During a press conference, vice chairman of the organizing committee of the Forum Ahmed Al Emadi outlined that the real estate sector is one of the vital sectors which leads many sectors with about 160 sectors, pointing out that it promotes the national product as one of the effective and influential sectors in the economy. He emphasized that the forum seeks to support and optimize the investment climate and formulate development approach and mechanisms to manage this sector.
Real estate sector will provide a platform to share expertise and ideas on everything relevant to the sector, including methods of development and support, in pursuit of achieving a sustainable real estate industry, Al Emadi added.
He pointed out that the forum highlights promising investment opportunities in the State of Qatar to be in the hands of local and foreign investors, in addition to introducing legislations and systems that regulate the real estate sector in Qatar and its reflections on this sector.
The Forum seeks to raise vocational and societal awareness of real estate development and the special significance of this sector in light of Qatar’s quest for promoting sustainability concept, he noted, outlining that the event will promote the concept of sustainability and lay out its relevant ideas and opinions since real estate sector is among the targeted sectors in this aspect, he pointed out.
Vice chairman of the organizing committee underlined that the event would support and execute the real estate development strategy and its outcomes, as well as encouraging young national talents to engage in this sector, while there will be an opportunity to set a road map for a real estate development track in Qatar Which reflects positively on the return of this sector on all sectors that promote it.
In addition, Al Emadi indicated that the State of Qatar is witnessing a comprehensive renaissance in multiple sectors and real estate sector has been one of these sectors that buttressed the renaissance process as the second sector which is rapidly growing in the country after energy.
He noted that Qatar occupied the first rank as one of the best countries that attracts foreign direct investment (FDI) worldwide in 2023 according to a report published by the fDi Intelligence magazine, pointing out that Qatar has achieved a distinguished rise and annual growth in FDI’s projects with 70 percent rate between 2019 and 2022, which is projected to grow with 2.4 percent in 2023 with a low inflation rate not exceeding 3.3 percent, making investment atmosphere attractive in the State of Qatar, he said.
After the State of Qatar hosted the FIFA World Cup Qatar 2022 tournament followed by a good international reputation Qatar had made, it was incumbent upon every single person to think about the way to take advantage of this major achievement within the framework of achieving the Qatar National Vision 2030, Al Emadi stressed.
For his part, member of the organizing committee of the 1st Qatar Real Estate Forum, representative of the private sector Manea Al Manea outlined the most prominent panel discussions the forum will feature, adding that the event will organize 7 panel discussions and 4 workshops to highlight future trends of the real estate sector to review the efforts made by various state ministries and institutions to enable real estate sector to be a contributing factor in achieving comprehensive development.
A session for the real estates foreseeable future will be dedicated, including the most important initiatives and supporting ideas that would chart a sustainable real estate future in light of the digital transformation the world is experiencing, he added, pointing out that the forum will feature a session on real estate governance and introduce regulations and legislation, as well as their impact on this sector through reviewing some regional models with emphasis on legal and regulatory frameworks in the real estate sector in Qatar.
He pointed out that a session under the title of real estate in the post-world cup tournament will be organized, adding that the world cup that was organized by Qatar achieved good reputation, especially in the real estate sector which will find numerous promising opportunities in the foreseeable future.
Another discussion will also be dedicated to discussing the issue of funding to introduce the importance of real estate funding governance, along with the mechanism of controlling the funds provided by banks or other funding institutions in Qatar.
Director of General Cleanliness Department at the Ministry of Municipality, member of the organizing committee Dr. Fayqa Abdullah Ashkanani said the forum will be held in partnership with the Ministry of Commerce and Industry, Ministry of Justice, Expo 2023 Doha Qatar, alongside Qatari Diar Real Estate Investment Company.
She added that a space has been dedicated to all digital platforms in the State of Qatar and various local media entities, along with several international agencies to attend and cover the forum, outlining that the forum intends to convey its media message through partnership and cooperation with multiple media entities and hire a number of specialized media professionals.
Source: Qatar News Agency