<The “Sakani” program revealed that 124,208 families benefited from its solutions and housing options from the beginning of this year until last July, including 97,822 families who lived in their homes, and the program announced the launch of the comprehensive Sakani Center in Madinah under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail.
The program explained during the “Residential” forum for the second quarter 2021, which was held today in Riyadh, the growth of Saudi families benefiting from the subsidized mortgage loan to exceed 520 thousand subsidized loans, and the decrease in the average time period for families to complete the procedures for benefiting from the housing options and financing solutions provided by the “Residential” website and application to 3 months from their registration until they obtain the housing option and sign contracts within immediate entitlement and facilitated electronic procedures.
The “Sakani” forum honored a number of success partners of the housing system by His Excellency the Minister of Municipal and Rural Affairs and Housing with awards for the best consulting office, engineering office, real estate financing entities, infrastructure contractor and real estate development companies.His Excellency the Minister of Municipal, Rural Affairs and Housing inaugurated, during the Sakani Forum, the comprehensive Sakani Center in Medina - located on King Abdullah Road - to provide all the services of the housing system under one roof, and includes all housing projects under construction in the Medina region to enable the beneficiaries of “Sakani” to complete all procedures for booking units after the success of “Sakani” centers in Riyadh, Jeddah and Khobar in serving the beneficiaries of Saudi families, as part of the continuous effort to expand the comprehensive Sakani Center in various cities.
During his speech at the third quarter residential forum, Issam Al-Ghamdi, Undersecretary for Housing Support explained that the Ministry of Housing Support, during his speech at the Sakani Forum for the third quarter7 million visits and about 57 thousand visits to the comprehensive residential center in Riyadh, Khobar and Jeddah from January to July last year.
The Undersecretary for Housing Support reviewed the local and international praise received by the housing sector during the past quarter, the most important of which was the praise of His Highness Crown Prince Mohammed bin Salman bin Abdulaziz, as well as the Council of Economic and Development Affairs and the International Monetary Fund recently, and the role of housing options and facilities in raising the ownership rate to exceed 60% by the end of 2020.
For his part, the General Supervisor of the Real Estate Development Fund, Mansour bin Madi, revealed that more than 520 thousand families benefited from the subsidized mortgage loan since June 2017 until the end of June 2021, and supported their loans worth 29.6 billion riyals, pointing out that more than 100 thousand beneficiaries in various regions of the Kingdom benefited during the first half of 2021 from subsidized real estate loans, whose value exceeded 63 billion riyals.
He explained that the subsidized housing finance contracts during the first half of 2021 AD included 45 thousand contracts for the option of ready-made housing units, 33 thousand contracts for self-construction, and 12 thousand contracts for units under construction, indicating that the subsidized mortgage loan program contributed to reducing mortgage profits by 1.5%, drawing attention to the implementation of more than 4.8 million operations and services, providing 913 thousand financing recommendations and serving more than 1.2 million beneficiaries registered in the real estate advisor service platform and application, in addition to 343 thousand beneficiaries through branches in various regions of the Kingdom.
In turn, the CEO of the National Housing Company, Eng. Mohammed Al-Batti, pointed to the company's efforts in partnership with private sector real estate developers to provide various housing units that meet the demand by providing more than 3 thousand housing units within 9 housing projects under construction during 2021, bringing the total number of projects within the application and website “Sakani” to 102 projects providing 144 thousand units With an average price of 700,000 riyals to meet the aspirations of Saudi families, indicating that the first half of the year 2021 recorded the service of more than 57 thousand beneficiaries through the comprehensive residential center in Riyadh, Jeddah and Khobar to be joined by the comprehensive residential center in Medina to meet the aspirations of Saudi families, pointing out that the company signed 18 partnership agreements that resulted in pumping more than 12 thousand housing units into the market.He pointed out that the expansion plans continue to provide more integrated housing projects, pointing to the great attention that the residential suburbs receive from the wise leadership, where His Highness the Crown Prince - may God protect him - directed the allocation of 20 million square meters to be added to the area of the suburb of Al-Jawan north of Riyadh to make its total area 30 million square meters and provide 73 thousand housing units.
The program explained during the “Residential” forum for the second quarter 2021, which was held today in Riyadh, the growth of Saudi families benefiting from the subsidized mortgage loan to exceed 520 thousand subsidized loans, and the decrease in the average time period for families to complete the procedures for benefiting from the housing options and financing solutions provided by the “Residential” website and application to 3 months from their registration until they obtain the housing option and sign contracts within immediate entitlement and facilitated electronic procedures.
The “Sakani” forum honored a number of success partners of the housing system by His Excellency the Minister of Municipal and Rural Affairs and Housing with awards for the best consulting office, engineering office, real estate financing entities, infrastructure contractor and real estate development companies.His Excellency the Minister of Municipal, Rural Affairs and Housing inaugurated, during the Sakani Forum, the comprehensive Sakani Center in Medina - located on King Abdullah Road - to provide all the services of the housing system under one roof, and includes all housing projects under construction in the Medina region to enable the beneficiaries of “Sakani” to complete all procedures for booking units after the success of “Sakani” centers in Riyadh, Jeddah and Khobar in serving the beneficiaries of Saudi families, as part of the continuous effort to expand the comprehensive Sakani Center in various cities.
During his speech at the third quarter residential forum, Issam Al-Ghamdi, Undersecretary for Housing Support explained that the Ministry of Housing Support, during his speech at the Sakani Forum for the third quarter7 million visits and about 57 thousand visits to the comprehensive residential center in Riyadh, Khobar and Jeddah from January to July last year.
The Undersecretary for Housing Support reviewed the local and international praise received by the housing sector during the past quarter, the most important of which was the praise of His Highness Crown Prince Mohammed bin Salman bin Abdulaziz, as well as the Council of Economic and Development Affairs and the International Monetary Fund recently, and the role of housing options and facilities in raising the ownership rate to exceed 60% by the end of 2020.
For his part, the General Supervisor of the Real Estate Development Fund, Mansour bin Madi, revealed that more than 520 thousand families benefited from the subsidized mortgage loan since June 2017 until the end of June 2021, and supported their loans worth 29.6 billion riyals, pointing out that more than 100 thousand beneficiaries in various regions of the Kingdom benefited during the first half of 2021 from subsidized real estate loans, whose value exceeded 63 billion riyals.
He explained that the subsidized housing finance contracts during the first half of 2021 AD included 45 thousand contracts for the option of ready-made housing units, 33 thousand contracts for self-construction, and 12 thousand contracts for units under construction, indicating that the subsidized mortgage loan program contributed to reducing mortgage profits by 1.5%, drawing attention to the implementation of more than 4.8 million operations and services, providing 913 thousand financing recommendations and serving more than 1.2 million beneficiaries registered in the real estate advisor service platform and application, in addition to 343 thousand beneficiaries through branches in various regions of the Kingdom.
In turn, the CEO of the National Housing Company, Eng. Mohammed Al-Batti, pointed to the company's efforts in partnership with private sector real estate developers to provide various housing units that meet the demand by providing more than 3 thousand housing units within 9 housing projects under construction during 2021, bringing the total number of projects within the application and website “Sakani” to 102 projects providing 144 thousand units With an average price of 700,000 riyals to meet the aspirations of Saudi families, indicating that the first half of the year 2021 recorded the service of more than 57 thousand beneficiaries through the comprehensive residential center in Riyadh, Jeddah and Khobar to be joined by the comprehensive residential center in Medina to meet the aspirations of Saudi families, pointing out that the company signed 18 partnership agreements that resulted in pumping more than 12 thousand housing units into the market.He pointed out that the expansion plans continue to provide more integrated housing projects, pointing to the great attention that the residential suburbs receive from the wise leadership, where His Highness the Crown Prince - may God protect him - directed the allocation of 20 million square meters to be added to the area of the suburb of Al-Jawan north of Riyadh to make its total area 30 million square meters and provide 73 thousand housing units.
The company signed 18 partnership agreements that resulted in the injection of 12 thousand housing units into the market.
