<During the second workshop, Engineer Yousef bin Abdullah Al-Zughaibi, Director General of the Real Estate Development Fund, presented an integrated package of solutions and programs previously announced, Engineer Al-Zughaibi pointed out that these solutions and treatments took into account the balance between the supply and demand sides; so as not to lead to any inflation or issues in the real estate market, pointing out that it is preferable to apply all these solutions and offer them at once to absorb the large amount of requests for loans, and the Director General of the Fund revealed that the Fund has designed a computer program that will soon be available on the website of the Real Estate Fund; to give a clear explanation of each program with the advantages and drawbacks of each program in terms of the speed of benefit and will leave the option for the citizen to choose what suits him from these programs, and these solutions are represented in the following points:

<First: Cooperation with banking institutions in the following::

a) Loan guarantee program: so that the Real Estate Fund provides a guarantee to the borrower from the financing facility upon default of no more than 80 percent of the value of the loan.

B)

b) Accelerated Loan Program: offered to applicants to the Fund by a financial institution, provided that the Real Estate Fund bears the cost of financing that it pays to that institution.

c)

c) Down payment program in coordination with banks and real estate finance companies, to transfer the value of the loan as a down payment for the housing loan.

Second: Cooperation with employers (government agencies and companies)

This program aims to provide housing units for employees of government or private sectors that wish to do so, in cooperation between the Real Estate Fund, the developer, the entity, and the off-plan sales committee at the Ministry of Commerce.

Third: cooperation with employers (government agencies and companies)

This program aims to provide housing units for employees of government or private sectors.

Third: Cooperation with charitable organizations

This program aims to provide economic housing units for low-income people, on the lands of developers or philanthropists, provided they have a source of income, or resort to charitable associations or concerned government agencies to support the outstanding installments, in cooperation between the Real Estate Fund, the charitable entity (donor), and the Off-plan Sales Committee at the Ministry of Commerce.

Fourth: Cooperation with real estate developers in:

<1- Early home ownership: Applicants to the Real Estate Fund can buy a house from a developer, provided that the Fund guarantees the payment of loans to the developer after the approval of lending to him.

2. <2- Off-plan sales: To enable participants in this system to finance the construction of units for the borrower, and an agreement will soon be concluded with the off-plan sales committee at the Ministry of Commerce to activate the implementation.

Fifth: Investment loan for individuals and real estate developers on the condition of building 30% of housing for citizens entitled to Real Estate Fund loans.

Sixth: Investment loan for individuals and real estate developers

Sixth: Enacting new regulations, including:

<The release of mortgaged units; it was approved at the last meeting of the Real Estate Fund Board. <Granting a group of borrowers joint loans to build on one land.

- Granting the loan to those who wish to build an additional structure such as a floor, apartment or annex....

Engineer Al-Zughaibi reminded that the total requests on the waiting lists in the Fund, and the others expected to be financial support products (500 thousand riyals) amount to more than one million citizens, all of whom urgently need treatment, practical solutions and innovative programs to enable them to own suitable housing in the shortest possible time, taking into account the following:

1- Taking into account that these new programs and regulations should not have an impact that leads to inflation and price increases that reduce the benefit of the loan amount.

2- Taking into account that these new programs and regulations should not have an impact that leads to inflation and price increases that reduce the benefit of the loan amount.

2- To take into account the scarcity of land and its high prices as well as the high prices of prefabricated buildings on the market. 3. Be suitable for all segments of society who are on the waiting lists in terms of their financial capabilities and their ability to repay.

4.

4- To take advantage of the land inventory of real estate developers and landowners.

5 5- Create a partnership with the private sector (banks, developers, companies, financing, etc.) to contribute to providing practical, sustainable and long-term solutions for housing.

5- Create a partnership with the private sector (banks, developers, companies, financing, etc.) to contribute to providing practical, sustainable and long-term solutions for housing.