The Minister of Housing, Majid Al-Hogail, revealed the challenges facing the ministry, which are “the limited number of housing units suitable for the segments of society, the difficulty of obtaining suitable housing financing, the inefficiency of the real estate sector, and the high dependence on government funding,” and this was reflected in the ownership rate in the last year, the rate of ownership is 47%, and we expect the rate to reach 52% in 1442.

His Excellency stressed that the ministry's goals are to “stimulate the real estate supply and increase productivity to provide housing products at the right price and quality. The Minister stressed that the Ministry's objectives are to ”stimulate the real estate supply and increase productivity to provide housing products at the right price and quality,“ through “partnerships with private sector developers on the Ministry's lands, specifically to benefit citizens and those affiliated with the housing support program, which are strategic objectives of the Ministry that contribute to providing adequate housing for every citizen, and the Ministry works by several means and mechanisms to achieve them through “partnerships with private sector developers on Ministry lands, specifically to benefit citizens and those affiliated with the housing support program.”

The Minister stressed that the objectives of the Ministry are to "stimulate the real estate supply and increase productivity to provide housing products at the appropriate price and quality. This came during the meeting of the Minister of Housing with businessmen at the Eastern Chamber in the presence of a large number of businessmen and women, officials and interested parties. The Minister indicated the development of informal areas "as one of the solutions" and city centers, regulating urban density, taking advantage of public sector lands within the urban block through land swap and activating the partnership program, stressing the Ministry's interest in reducing the cost of construction and supporting quality by stimulating innovative industrial solutions, construction quality and centralized procurement.

Haqeel stressed the importance of the Ministry's interest in reducing the cost of construction and supporting quality by stimulating innovative industrial solutions, construction quality and centralized procurement. Al-Haqeel stressed during the meeting that housing projects and their development continue despite the economic conditions, especially as a result of the Kingdom's Vision 2030, stressing that the ministry seeks to enable citizens to build their own housing with high quality and low cost, create a balanced housing market, promote economic growth in different cities and governorates to contribute to local local localization, raise the contribution of the real estate sector and the construction sector to the GDP, and regulate the residential construction sector.

Haqeel stressed the importance of the ministry's interest in reducing the cost of construction and supporting quality by incentivizing innovative industrial solutions, construction quality and centralization of procurement.