Amlak – Exclusive: Citing precise figures and data, Housing Minister Majed Al-Hogail revealed that 600,000 families were served during 2019 and 2020, listing the most significant achievements of the past year and outlining the goals for the new year. Al-Hogail explained that the ministry continues to pursue its strategic goal of facilitating families" acquisition of their first home; Ministry statistics indicate that 106,000 families actually moved into their homes in 2019, while we aim to increase that number to between 130,000 and 140,000 families in 2020. (Akawi Finance)

Al-Hogail explained that the number of families benefiting from mortgage support rose from an average of 20,000 to 165,000, indicating an adequate supply of housing units that matches purchasing power, Al-Hogail noted that 90,000 plots of land were handed over to beneficiaries, in addition to 285 charitable associations delivering approximately 14,000 housing units.

He added that the ministry is focusing on stimulating supply in the housing market, noting that 350,000 to 400,000 housing units enter the market annually, some for ownership and others for rent. He explained that there are three factors that ensure the efficiency of supply and demand: the speed of obtaining permits, regulatory flexibility, and the availability of development capacity and access to financing.

Some links to news and reports from Amlak Real Estate Newspaper, Issue 187

Mortgage Financing – Real Estate Projects – Investment Opportunities –

Real Estate Financing – Aramco Shares – Construction – Real Estate Financing

Editor-in-Chief Abdulaziz Al-Issa Explains the Story Behind the Amlak Real Estate Newspaper Logo

Minister of Commerce and Investment Allocates Land in Riyadh, Jeddah, and the Eastern Province to Establish International Exhibition and Conference Centers

The Administrative Judiciary Council decides to amend the wording of the draft law on reviewing appeals against real estate expropriation decisions

”Tourism Authority" Highlights Benefits of the National Tourism Monitoring Platform at the Riyadh Chamber of Commerce

The General Real Estate Authority Inaugurates Its New Headquarters and Discusses Updates to Regulations Governing Real Estate Registration, Real Estate Brokerage, and Real Estate Contributions

The ”Sakani" online platform receives over 15 million visits, including 702,000 app downloads

The Kingdom’s transportation sector jumps to first place globally in terms of ease of doing business

Al-Rajhi REIT acquires educational properties with a purchase value of 210 million riyals

Malakiya Investment Company Acquires ”Hotel Apartments" in Riyadh for 50 Million Riyals

”Arabian Business Saudi Arabia“ magazine awards Riyad Bank the ”Fastest-Growing Bank of 2019" award

The "Ijar“ program concludes 2019 by documenting 570,000 lease agreements and conducting 48,000 inspection visits

Minister of Housing Calls on the Private Sector to Support the "Jood Al-Iskan" Initiative

Real Estate News

Minister of Housing during the budget program: 14 billion riyals allocated for a program to promote construction technologies and support Saudi construction factories

Housing Minister During the Budget Program: We Exceeded the 2019 Targets... "Itmam" has approved 99 plans… and the Owners" Association Regulation will be issued soon

Majid Al-Hogail: 1.8 billion riyals from vacant land fees to be invested in housing sector infrastructure projects

Al Rajhi Bank Concludes the "Corporate Bank Credit Risk Management" Program

Ministry of Finance Signs Agreement with Saudi Investment Bank to Develop a New Method of Disbursement

The Capital Market Authority Approves the Offering of 30% Shares in Amlak International Real Estate Finance

Al-Inmaa Bank Meets Global Standards for Business Continuity

Reports Project Financing for 1.22 Million Homes Under Saudi Vision 2030

Analysis: Optimism Prevails Among REITs in the Saudi Market Over 9 Months

As of the end of November 2019, the value of residential mortgages for individuals from financial institutions exceeded 69 billion riyals

The Shura Council calls on "Kafala" to establish financing incentives to encourage investment in industry, technology, and services

The Public Pension Agency plans to develop and invest in 100,000 square meters in agreement with "Riyadh Financial"

The United Nations Development Program (UNDP) provides technical support for "developmental housing" initiatives

Housing units in the "Jawharat Al-Rasifa" residential project delivered on schedule

580 residential facilities prepare to host the Jazan Winter Festival

Including 500,000 electronic power-of-attorney issuances… Ministry of Justice records 1.5 million transactions through notary services

Applications Now Being Accepted for 24-Hour Business Operations

Mortgage Financing

Housing program offers services to employees of the Ministries of ”Commerce” and “Municipal and Rural Affairs”

During the mid-year school break... “Commerce and Investment” Offers Free Discount Licenses

The Saudi Arabian Monetary Authority (SAMA) has directed banks to operate on Saturday to provide “subsidized financing” services