The Assistant Undersecretary for Housing Support at the Ministry of Municipal, Rural and Rural Affairs and Housing Rakan Al Midah and the President of Comprehensive Corporate Banking Binbin Al Mubarak participated in the session entitled “Quality of Life and Programs Supporting Homeownership Rakan Al Midah, Assistant Undersecretary for Housing Support at the Ministry of Municipal and Rural Affairs and Housing, Rakan Al Midah, Head of Corporate Banking at Riyad Bank, Tariq Al Ghaziri, and Director General of Operations and Projects, Partnerships Sector at the National Housing Company, Engineer Sultan bin Ahmed Al Harazi participated in the discussion session entitled ”Quality of Life and Supporting Programs to Facilitate Home Ownership."
Participants discussed the importance of developing suburbs and providing basic services and vital facilities. During their session, the participants discussed the concept of quality of life and its link to leisure, material and non-material needs, the link between quality of life for the individual and owning his own home, improving the lifestyle of beneficiaries, in addition to the role of the real estate developer and the extension of his role after the delivery of the real estate unit by achieving individuals to maximize the requirements of quality of life.
The speakers touched on the role of the Ministry's legislation in realizing the concept of quality of life for the beneficiaries of the services it provides, which extends to include deeper horizons during the citizen's journey to own his home in an easy way, including supporting banks and the mechanism of obtaining housing, stressing that the Kingdom is racing against time through the achievements it seeks to provide to individuals.
The speakers highlighted the role of the real estate developer and its extension after the delivery of the real estate unit through the realization of individuals to maximize the requirements of quality of life. The speakers highlighted the importance of the real estate development sector, based on the concept of quality of life to develop communities and residential suburbs and elevate their residents to a better standard of life, in addition to the role of financial institutions and Saudi banks in enabling housing and quality of life projects, and the importance of the presence of educational, health, recreational, cultural, social, sports and other vital facilities that facilitate the quality of life of Saudi families.
Speakers praised the importance of the real estate development sector, based on the concept of quality of life to develop communities and residential suburbs and elevate their residents to a better standard of life. Speakers praised the Ministry of Municipal and Rural Affairs and Housing's development and financing journey, the partnership of the banking sector in serving beneficiaries, raising the ownership rate, and the maturity of the real estate development sector by paying attention to studies that address the desires of beneficiaries, to provide diversity in residential designs and contribute to highlighting the civilized landscape of the Kingdom's regions.
Speakers praised the Ministry of Municipal and Rural Affairs and Housing's developmental and financing journey. The speakers cited the National Housing Company, which adopts the concepts of quality of life and supports it in all its projects to promote the Kingdom's Vision 2030 in the housing sector and quality of life, while fully complying with the appropriate environmental principles and standards, pointing out how banks employ the limited banking and banking products in the service of the real estate developer and remove the market risks facing him, as well as cultural awareness of individuals with their material and legal rights during their dealings with banks when they sign their financing contracts.
The speakers reviewed the maturity of the real estate development sector by paying attention to the studies of the beneficiaries" desires, to provide a variety of housing designs and contribute to the civilized landscape of the Kingdom's regions.
The speakers reviewed a number of models and live examples of the projects of the National Housing Company, which applied quality of life standards through facilities that are considered environmentally friendly, including Al-Khazzam suburb in Riyadh, which has an area of 30 million square meters and provides more than 50 thousand housing units to serve 250 thousand families, explaining that the total green areas within the suburb amount to more than 4 million square meters, in addition to the presence of religious, social, educational, cultural, recreational, sports and other centers.
Speakers reviewed a number of examples of the projects of the National Housing Company, which applied quality of life standards through facilities that are considered environmentally friendly, including Al-Khazzam suburb in Riyadh.
