This came during his participation in the “The Future of Real Estate Forum, which is currently being held in Riyadh, and stressed during a dialogue session entitled ”Real Estate Development Industry and Quality of Life“ within the work of the ”Housing support system represented by mortgage financing in the housing program has contributed significantly to supporting the demand for housing, as the total amount pumped more than 450 billion riyals during the past years and the volume of real estate development projects that the ministry worked on with the private sector to provide housing units more than 80 billion riyals, noting that the direct economic impact of housing projects is evident in cities through the growth of many life and commercial activities in the cities in which they are held.
The Deputy Minister touched on the three pillars of the Kingdom's Vision 2030; a vibrant society, an ambitious nation and a prosperous economy, noting that each industry produces a product that targets a specific consumer, including the real estate development product and the contracting product, indicating that the real estate development sector is characterized by its comprehensiveness and breadth as it offers integrated residential communities and includes several different activities, unlike the contracting sector, which is only concerned with providing housing units.Real estate development sector is characterized by its comprehensiveness and breadth as it offers integrated residential communities and includes several different activities, unlike the contracting sector, which is only concerned with providing housing units.
