Riyadh to Host the 42nd FIABCI Global Leadership Summit in December

Riyadh will host the 42nd FIABCI Global Leadership Summit in December.
Riyadh will host the 42nd FIABCI Global Leadership Summit in December.
TT

Riyadh to Host the 42nd FIABCI Global Leadership Summit in December

Riyadh will host the 42nd FIABCI Global Leadership Summit in December.
Riyadh will host the 42nd FIABCI Global Leadership Summit in December.

Riyadh is preparing to host the 42nd FIABCI Global Leadership Summit in December to discuss the latest developments in the domestic and international real estate sector.

The summit is slated to bring together a large group of real estate leaders and decision-makers who will share knowledge, best practices, outcome of research and development, and aspects of industry development.

The summit, held with the support and sponsorship of the Real Estate General Authority, will be held amid wide-scale movement in the sector, both locally and globally.

Bringing together a select group of real estate developers, investors and members of the International Real Estate Federation (FIABCI), the summit will also be an opportunity to highlight the pioneering role of the Kingdom in the real estate sector.

Moreover, it will feature major achievements made by the real estate and housing sector in the Kingdom, both in terms of relevant legislation and of major technological and digital developments, which have contributed to regulating the real estate sector and attracting local and international considerable real estate investment.

Real Estate General Authority CEO Eng. Abdullah bin Saud Al-Hammad said the summit this year will be an important platform to share the Kingdom's experience in the real estate sector and highlight its achievements, especially in regards to legislation, in line with the applicable objectives set out in Vision 2030.

The 42nd FIABCI Global Leadership Summit is expected to draw a large number of local and international real estate leaders, developers and investors, in addition to FIABCI members and keynote speakers from more than 110 countries who will take part in discussions and specialized workshops.

Discussions will tackle, among others, efforts to develop the real estate sector in international and regional markets.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.