Housing Minister, US Counterpart Discuss Cooperation at Ginnie Mae Global Conference

Minister of Municipalities and Housing Majed Al-Hogail participated in the Ginnie Mae 2026 Global Investor Summit on Financing Affordable Housing, highlighting investment opportunities in sukuk (Islamic bonds) and real estate finance while exploring collaboration prospects with international investors and financial institutions to strengthen global partnerships and attract new capital inflows into the housing market.

 During the visit, Al-Hogail met with US Secretary of Housing and Urban Development Scott Turner to discuss expanding bilateral cooperation between Saudi Arabia and the United States in housing, urban planning, and real estate finance.

 Both sides reviewed ways to leverage regulatory and operational expertise to boost housing supply and incentivize private-sector investment, alongside developing real estate finance instruments and enhancing integration between housing authorities and financial institutions to improve market efficiency and broaden homeownership options for families.

 The meeting also addressed establishing an institutional framework for technical cooperation, expertise exchange, and reciprocal visits to facilitate knowledge transfer and foster new partnerships between Saudi and American institutions in advancing housing and financial solutions.