According to ”Middle East", informed sources said that the objectives of the project are based on making a detailed study of the five programs that contribute to the transfer of supervision to the Authority without prejudice to any of the roles of each program, as well as developing its performance during the transfer process, and that the General Authority for Real Estate is working in coordination on this project with a number of parties, namely the Ministry's Agency for Real Estate Development, the Ministry's regulation portfolio and the National Housing Company.
According to "Middle East The Ministry works through its programs to organize and facilitate a balanced and sustainable housing environment and seeks to create and develop programs to stimulate the private and public sectors through cooperation and partnership in organizing, planning and monitoring to facilitate housing for all segments of society at the right price and quality.
Based on the role of the Ministry of Municipal and Rural Affairs and Housing in enabling citizens to own housing within a variety of options suitable for all categories, and within the framework of its role in enacting the necessary regulations and legislation, it worked on a number of different projects and programs for the national strategy that provides an integrated organizational plan for the sector and a set of outputs that aim to serve citizens and provide adequate housing in line with the vision of the Kingdom, where the housing program, which is one of the 2030 programs and includes 16 government agencies that join efforts and complement each other to overcome the obstacles facing the sector.
Housing is one of the programs of 2030 and includes 16 government agencies that combine their efforts and integrate with each other to overcome the obstacles facing the sector. The Saudi Council of Ministers recently approved the comprehensive strategy for the real estate sector as one of the pillars of the national economy, in order to organize it, develop it, improve its supervision mechanisms, raise its efficiency, encourage investment in it and enable it to increase its contribution to GDP.
Issam Al Mubarak, Governor of the General Real Estate Authority, emphasized that the Cabinet's approval of the strategy contributes to improving the performance of real estate establishments, especially small and medium-sized ones, raising the quality of the tools they use and the services they provide, and expanding job opportunities for young men and women in various fields in the real estate sector.
<He added that the approval of the comprehensive strategy for the real estate sector represents an important support for the economic system in general and the real estate sector in particular as a major engine for achieving development and attracting investments, an effective contributor to the gross domestic product and a participant in providing job opportunities for national cadres in real estate establishments in order to achieve the vision of the strategy that the sector in the Kingdom will be vibrant, attractive, confident and innovative, pointing out that the various concerned parties will have an active role in implementing the strategy in a way that contributes to achieving its objectives, explaining that the strategy was built on 4 pillars and prioritized 15 objectives. The four pillars on which the strategy is based include the governance of the real estate sector, which emanates from regulations and legislation, issuing regulations and policies, developing governance models, developing effective communication plans, improving supervision mechanisms, including the real estate brokerage system, the real estate registration system, the real estate contributions system, the real estate units ownership, sorting and management system, preparing a regulation for real estate auctions, and controls for electronic marketing and real estate advertising.
The four pillars on which the strategy is based include
