Euromoney Conferences will hold a one-day executive briefing on real estate investment trusts (REITs) on May 1 in Riyadh, according to a statement.
In Saudi Arabia, REITs have the potential to stimulate the housing and commercial sectors, in-line with the National Transformation Program’s (NTP) goal to increase the real estate industry’s contribution to GDP to 10 percent by 2020, the statement said.
Also, REITs have seen a significant growth in Saudi Arabia, with three trusts already listed and more in the process of being floated.
The briefing will be sponsored by real estate consultancy, Knight Frank.
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