Minister of Housing Majid bin Abdullah Al-Hogail revealed that the ministry has entered into a tripartite contract between the government, the citizen and the bank to facilitate financing and guarantee rights, and we put an opportunity to develop together by making a center for beneficiaries to serve the citizen and raise the rate of ownership, which is our first goal in the ministry, the minister said at the Shura Council session held on Wednesday that the ministry seeks to launch a support program for families who fail to pay their rents very soon. <Al-Haqeel answered questions from Shura Council members, explaining that in 2017, 120,405 housing units were announced, and in 2018, the target of 125,000 housing units was announced, distributed in all regions of the Kingdom. Al-Haqeel emphasized that the ministry seeks to enable citizens to obtain housing finance while supporting the profitability of the financing product, as it coordinated with the Monetary Agency to reduce the down payment to 5%.

Haqeel stressed that the ministry seeks to enable citizens to obtain housing finance while supporting the profitability of the financing product.