As usual, in the economic press, we take advantage of the happy national occasions to recall the fruitful harvest that the Saudi people have reaped during the period in question or the date assigned to the celebration; in order to give the wise leadership its rightful gratitude for what has been achieved, through the achievements that we see in front of us as a witness that speaks the language of numbers.
<On the occasion of the seventh anniversary of the pledge of allegiance to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, may God protect him, we must bite the roots of the gains that stand tall in the real estate sector in general, and the residential sector in particular. For example, when the monthly report of the Residential Program for last October talks about issuing more than 558 thousand certificates to bear the real estate transaction tax for the first home since the beginning of the program, it means that more than half a million families have lived in their homes or are preparing to do so, and in the same context, by the end of this year, 1.Even in the financing sector, we note the qualitative leap in the number of contracts signed with individuals from 20,000 contracts in 2016 to more than <a href="https://www.295.5 thousand contracts last year with a value exceeding 140.7 billion riyals, which is approximately 10% of the general budget, and this confirms the interest in the citizen that makes us paint a vivid picture of the future of the housing sector in this prosperous and auspicious era, God willing, and the policies of the Kingdom Vision 2030 did not make us a ceiling for ambitions and hopes with its comprehensiveness and surrounding the requirements of the era and it makes the Saudi person a reliable national wealth.
The anniversary of the pledge of allegiance to King Salman, may God protect him, over the years, brings with it the glory made by the wise leadership by consolidating the Kingdom's leading role in all forums (local, international and regional); until our country became an important center in the manufacture and formulation of the global economy, and the indicators are many and do not lose sight of the specialists and experts, so we hope that the private sector will work at a faster pace in keeping pace with government initiatives and projects proposed, when the leadership points to the chandelier we must not look at the front of its index finger.
When the leadership points to the chandelier we must not look at the tip of its index finger.
