Businessmen and realtors to (Amlak Newspaper) : This is what we want from the Minister of Housing?

Residential projects

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The Ministry of Housing is one of the most important ministries in the government of the Custodian of the Two Holy Mosques, may God protect him.Because it plays a very important role, which is to provide adequate housing for beneficiary citizens, and has recently taken the helm of the Ministry of Housing, His Excellency Mr. Majid Al-Hogail, one of the national cadres of proven competence and he stated after assuming the duties of the Ministry of Housing about. to draw an integrated work plan during the coming period, which includes a set of necessary plans and tasks, in partnership and coordination with several related parties, stressing that "housing" is qualified to fulfill this role with its highly qualified human competencies.

"Amlak" conducted a survey with a number of businessmen, real estate and construction company owners about what they want from the new Minister of Housing and their aspirations and future visions for the Ministry of Housing.

Reviewing the 03% ratio

Yahya bin Abdullah Al-Gharifani ( General Manager of Al-Gharifani Real Estate Office) said We hope that the Honorable Minister<span class="Apple-converted-We hope that he will solve the issue of the housing crisis. We also hope that he will reconsider the percentage of 30% that the citizen benefiting from the additional loan pays to banks and financing companies, because it is a large percentage and may not be available to a large sector of citizens, especially those with limited income, and therefore they will be deprived of benefiting from the loan and lose the opportunity to build their own housing.

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Jarfani made a suggestion to the Minister of Housing that the state, represented by the Ministry of Housing, should buy villas and housing units from developers and sell them in installments to beneficiary citizens.

Expanding private sector partnership

Fahad bin Othman Almoosa, General Manager of Al Jazeera Guide for real estate investment and development, said: »The Ministry of Housing should expand the base of state participation to the private sector according to a mechanism that contributes to solving the housing issue as well as relying on large companies that have the ability and experience in implementing its projects, because these companies have certainly gained their wide experience by implementing many projects, thus ensuring.converted-space"> the Ministry of Housing does not stumble projects and enter the spiral of postponing the delivery of projects to citizens, because the situation of low-income people does not tolerate postponement, Dalil also called on the Ministry of Housing to benefit from countries that preceded it in the field of real estate and housing development.

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About housing products, he said: It is necessary to diversify housing products and suitability of the product to the community, indicating the need to distribute and develop the grants that have been included in housing.

Paying attention to developers and removing obstacles

Mohammed Al Ayyaf, CEO of Anan, called for attention to developers and removal of obstacles that hinder the workflow, whether it is related to the Ministry or other related parties, so that the work can proceed as required when implemented by real estate developers.

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Anan pointed to the need to consider the heirs« lands because they constitute a very large area, especially the disputed ones, and can contribute greatly to solving the scarcity of land by transferring them to the Ministry of Housing to implement its housing projects, but after addressing these issues with the heirs legally. The company also demanded the need to open a specialized department for lands that have disputes and put them up for public auctions so that the competition for them is honest and open-air.

Infrastructure and Services

Mohammed bin Sulaiman Al Nafisi, General Manager of Al Nafisi Real Estate, emphasized that the new Minister of Housing "Al Haqeel" is an experienced and recognized national competence and has a great work ahead of him especially since he had similar success in his previous work, and added that I, from my point of view, consider the Ministry of Housing the most important ministry and we expect a lot from it in the future.

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Al-Nafisi pointed out that the most important challenge facing the new Minister of Housing "Al-Haqeel" is the work of infrastructure in the lands on which the housing projects will be built as well as grant lands and the delivery of service to the plans, in addition to the need to emphasize in 'speedy disbursement of products to beneficiaries, especially older people and those with special circumstances.

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About the private sector partnership with the Ministry of Housing, Al-Nafisi demanded that take experience from real estate professionals in the market because they have worked for many years and know the ins and outs of the market, and called for the formation of permanent committees to address any emergency issue related to housing projects in various regions of the Kingdom.

Providing support to small enterprises

In the same context, Ambassador Dr. Tarek Amin Abdel Ghaffar, Permanent Commissioner of the Council of Arab Unity and International Cooperation in Saudi Arabia, requested more support for small businesses in accordance with the wise policy of the country's patron, the Custodian of the Two Holy Mosques, to advance the development movement in the Kingdom to develop the reconstruction process and reach the ends of urban development in the whole world, and for the Kingdom to become the top of the urban development of the Gulf in particular and the world in general, and we wish continued development and prosperity.

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Facilities for foreign companies

Engineer Ibrahim Jaber praised His Excellency the Minister of Housing as a humble man towards his division and demanded that there be facilitation of the mortgage financing program for citizens, transforming the Development Fund into an independent financial institution and facilitating the granting of initial approval for the expansion of foreign institutions to establish factories for ready-made housing.

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