The Real Estate Development Fund plans to increase the number of loan disbursement installments for buildings under construction from 4 to 6 to address the problem of citizens facing difficulties in the construction process. The Fund recently announced this as one of 14 initiatives aimed at facilitating and simplifyinghomeownership for citizens, in line with the vision of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.

The Director General of the Real Estate Development Fund, Engineer Yusuf Al-Zaghibi, confirmed that the reason for the initiative is the growing number of daily complaints from citizens facing construction delays, some of which—according to him—have reached the Minister of Housing and His Majesty the King. He emphasized that the new disbursement mechanism is capable of resolving theproblem, as disbursements are aligned with construction progress. Regarding the possibility of disbursing multiple installments—such as an initial installment from the Fund—to eligible citizens who have actually begun construction,