According to studies on housing products, Prince Saud bin Talal bin Badr Al Saud, Advisor and General Supervisor of the Ministry’s Agency for Housing Support and Branches, revealed that the Ministry is considering financing free residential land, which could be approved as early as next year, 2018. This initiative aims to provide comfortable housing for citizens anywhere in the Kingdom.

For his part, Ahmed Mandoura, General Supervisor of the Ministry’s Private Sector Partnership Program, explained that if construction takes place on Ministry-owned land, the value of the housing unit will decrease by up to 35 percent, which stimulates the housing sector. whereas if construction takes place on private sector land, the land value will decrease by 50 percent, allowing for the utilization of the land.

He noted that there are three private sector partnership programs: the first on Ministry land, the second on company land, and the third targets owners of unused vacant land located within the fee zone, noting that housing programs with the private sector aim to reduce costs for real estate developers and provide more housing units.