8 October 2019: A delegation from the Ministry of Housing in the KSA; headed by HE Majid Al-Hogail, Saudi Minister of Housing; visited Dubai Land Department (DLD) and were welcomed by HE Juma bin Humaidan, Deputy Director General of DLD.
Bin Humaidan said: “We were pleased to welcomed our brothers from the KSA. The meeting we held with them aimed to exchange our shared opinions that focused on developing the prospects of cooperation between the two countries. It was also an opportunity to highlight our achievements and the important role played by DLD in developing the sector and promoting Dubai as one of the best investment destinations in the world as well as enhancing DLD’s services and expertise to contribute to Saudi Vision 2030.”
During the visit, the Minister and his accompanying delegation were briefed on the best regulatory practices that are applied in the real estate field. DLD also presented the package of legislation it recently announced to stimulate investments and ensure the rights of all parties, including developers and investors.
The meeting, which was held at DLD’s headquarters, covered real estate development and its compatibility with housing programmes, in addition to means of cooperation and exchange of expertise in the field of real estate regulation and registration. The two parties also discussed strengthening cooperation between the two countries, specifically various aspects and fields related to the real estate sector.
The data archiving experience in blockchain algorithms was reviewed, whereby the visiting delegation expressed its admiration for the level of progress DLD achieved in this regard, specifically achieving the seventh position globally in real estate registration procedures. The visit came in light of the close cooperation between the two countries under the umbrella of the Higher Committee for Cooperation between the two sisterly countries.