FaceOf: Majid Al-Hogail, Saudi Arabia’s minister of housing

Author: Tue, 2019-03-19 23:05

Majid Al-Hogail is Saudi Arabia’s minister of housing, a role he has held since July 2015. He has also been the chairman of the Real Estate General Authority since January 2017, and has served on the boards of the Qiddiya Investment Co. since April 2017, and NEOM since October 2017.

Al-Hogail gained a master’s in business administration from the University of Illinois at Urbana-Champaign in 1998, and completed an extended development program in management at the International Institute for Management Development in Lausanne, Switzerland in 2007.

He then became the managing director of the RAFAL Real Estate Development Co. from August 2007, before joining Aljazira Capital in January 2014 as its chairman, leaving both in July 2015. During the same period he was also a board member of budget airline Flynas.

Since then, in addition to his roles at Qiddiya, NEOM and in government, he has also been chairman of the Real Estate Development Fund since July 2015, and the chairman of the Saudi Real Estate Refinance Company since August 2017.

On Sunday, Al-Hogail and Commerce and Investment Minister Majid Al-Qassabi launched “Benaa Housing,” a new website which will help construction companies and contractors to contribute to a development program in the Kingdom.

The project, estimated to have cost SR3.5 billion ($910 million), aims to speed up the process of building 10,000 units across Saudi Arabia by enabling small and medium construction firms to access and contribute to projects.

“The Ministry of Housing is always keen to provide solutions and services to all families, especially beneficiaries of the Housing Development Program, in all regions of the Kingdom,” said Al-Hugail.

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