Saudi Vision 2030 emphasized that the number of citizens wishing to own housing is constantly growing, and that the state recognizes the desire of every family to own a home, and believes in the importance of this in strengthening family ties.

Saudi Vision 2030, announced today after the approval of the Cabinet session, indicated that the current housing ownership rate is 47%. <The Kingdom's vision, which was announced today after its approval at the Cabinet session, indicated that the current housing ownership rate is 47%, and that the number of citizens in the age group wishing to own a home is constantly growing, adding:”We seek to raise this ratio by no less than 5% by the year (1442H-2020 AD), by enacting a number of laws and regulations, incentivizing the private sector, and building an effective partnership with the citizen to enable him to obtain suitable housing within an appropriate period according to ownership paths that provide financing and savings solutions commensurate with his housing needs.”