Riyad Asiri, Deputy Secretary-General of the Off-Plan Sales and Leasing Committee “Wafi,” revealed that the total value of off-plan housing sales in Saudi Arabia reached approximately 60 billion riyals, He explained that the license period for a project does not exceed 10 days from the completion of the application.

For his part, Abdulaziz Abed, director of the Ministry of Housing branch in the Madinah region, said during a workshop organized by the Madinah Chamber of Commerce and Industry in collaboration with the Ministry of Housing and the “Wafi” off-plan sales program, that the number of eligible applicants in Madinah stands at 45,200.

He noted that the Ministry plans to develop residential units along the main roads of its master plan on land located in the Al-Hizam area, adjacent to the Children’s and Maternity Hospital in Madinah.

He noted that an important phase in the implementation of the infrastructure has been completed, and the study for the project is expected to be finalized soon; the project will be awarded according to a special program and regulations to be announced in the future.