World · Middle East · 1 hr ago
Saudi Arabia and US discuss wider housing finance cooperation
Saudi housing minister Majed Al-Hogail met US housing secretary Scott Turner in Virginia during a summit on financing affordable housing.
They discussed expanding cooperation between Saudi Arabia and the United States in housing, urban planning and property finance.
The talks focused on increasing housing supply and private investment, while improving financing tools and coordination between housing agencies and financial institutions.
The countries also discussed creating an institutional framework for technical cooperation, including sharing expertise and arranging visits.
Saudi Arabia aims to refinance more than $40 billion through its Saudi Real Estate Refinance Company by 2030, Al-Hogail said at the summit.
He said this could create opportunities for international investors and support affordable housing options.
The proposed framework could deepen knowledge-sharing and partnerships between Saudi and American institutions, but no specific next steps or agreement were announced.
Saudi Housing Minister Majed Al-Hogail and US Housing Secretary Scott Turner discussed expanding cooperation in housing, urban planning and real estate finance.
Their meeting took place alongside the Ginnie Mae 2026 Global Investor Summit on Financing Affordable Housing in Virginia.
They discussed ways to increase housing supply, encourage private investment and develop real estate finance tools.
The ministers also discussed setting up a framework for technical cooperation, exchanges of expertise and reciprocal visits.
Al-Hogail said the Saudi Real Estate Refinance Company aims to refinance more than $40 billion by 2030.
- Who
- Saudi Minister Majed Al-Hogail and US Secretary Scott Turner.
- What
- They discussed expanding bilateral cooperation in housing, urban planning and real estate finance.
- When
- November 14, 2026, according to the articles’ publication dates. The meeting took place during the 2026 summit.
- Where
- Virginia, United States, on the sidelines of the Ginnie Mae Global Investor Summit on Financing Affordable Housing.
- Why
- To explore cooperation on housing supply, private-sector investment, real estate finance and broader homeownership options.
This story does not have two clearly opposing sides.
Al-Hogail and Turner met on the sidelines of the Ginnie Mae Global Investor Summit in Virginia to discuss bilateral cooperation.
Al-Hogail addressed the summit and described Saudi plans for housing finance and real estate refinancing.
- Participants
- Majed Al-Hogail and Scott Turner
- Event
- Ginnie Mae 2026 Global Investor Summit on Financing Affordable Housing
- Location
- Virginia, United States
- Planned refinancing
- More than $40 billion by 2030
- Areas discussed
- Housing, urban planning and real estate finance
3 sources
What people are saying
The Saudi Real Estate Refinance Company (SRC) aims to refinance more than $40 billion by 2030.