An agreement signed between the Ministry of Housing and the Saudi Credit Information Company (SIMAH) aims to provide data and statistics for the housing sector, in the presence of H.E. Mr. Majid bin Abdullah Al-Hogail, Minister of Housing, and the CEO of Saudi Credit Information Company (SIMAH), Suwaid bin Mohammed Al-Zahrani, at the headquarters of the Ministry of Housing in Riyadh.
The agreement will contribute to the identification of housing price trends, which the Saudi housing market needs. <The agreement will contribute to the identification of housing price trends, which is needed the Saudi housing market, which is in line with the objectives of the Kingdom's Vision 2030 to provide specialized housing indicators, raise the level of service provided to citizens, and support in making the best decisions according to accurate and updated figures and within a framework of transparency, which contributes to stimulating the housing market. For his part, the CEO of SIMAH expressed his happiness for the strategic partnership with the Ministry of Housing, which comes within SIMAH's ambitious plan to provide value-added and quality products to the government sector in general, and the housing sector in particular, as the first licensed credit information company in the Saudi market for the individual and business sectors.
Housing prices are one of the most prominent housing indicators and one of the outputs developed by the Housing Studies and Monitoring Center of the Ministry of Housing, which was recently approved by a decision of the Council of Ministers to be the main reference for everything related to housing monitoring in the Kingdom, and to collect and analyze data related to the housing sector, in addition to providing accurate indicators, preparing housing reports, studies, research and publications in coordination with the concerned authorities, creating a comprehensive housing database from the administrative records of the relevant authorities and enhancing them with geographical information systems.
The index seeks to follow the best scientific methods to monitor the main housing prices used in several advanced countries in this field, such as the United Kingdom, Australia and the United States of America.
The index seeks to follow the best scientific methods to monitor the main housing prices used in several advanced countries in this field, such as the United Kingdom, Australia and the United States of America.
