The Board of Directors of the Real Estate Development Fund recently approved allowing the Fund's loans to be granted through the off-plan sales system. The Board of Directors of the Real Estate Development Fund recently approved allowing the Fund's loans to be granted through the off-plan sales system. The agreement was signed by the Ministry of Commerce, Undersecretary Dr. Fahad Abu Haimed, and the Fund's Director General Engineer Yousef Al-Zughaibi.
On this occasion, the Ministry of Commerce said that the agreement was signed by the Ministry of Commerce. <On this occasion, Engineer Yousef Al-Zughaibi, Director General of the Real Estate Development Fund, said: This agreement comes in order to activate the decision to grant those entitled to Real Estate Development Fund loans, and to translate all the decisions issued by the Real Estate Fund Council, including off-plan sales that include residential units.
On this occasion, Engineer Yousef Al-Zughaibi, Director General of the Real Estate Development Fund, said Al-Zughaibi stressed the importance of this step by real estate developers, pointing to the importance of activating this aspect when developing residential projects, when marketing their products and obtaining a license to sell off-plan to the beneficiaries of mortgage loans, and said we are fully prepared to cooperate with developers if they wish to obtain lists of beneficiaries to communicate with them directly in any city of the Kingdom.
We are fully prepared to cooperate with developers if they wish to obtain lists of beneficiaries to communicate with them directly in any city of the Kingdom.
