<The economist and financial analyst Hussein bin Hamad Al-Raqeeb called on the Ministry of Housing to transfer part of its tasks to the private sector. He also emphasized the need to form a real estate body for the ministry and another body for real estate financing; in order to solve the issues of delaying and stumbling projects supervised by the ministry, indicating that such arms will accelerate the completion process: As for real estate financing, it is necessary to privatize the Real Estate Development Fund or transfer the tasks of financing management to commercial banks and calculate a small profit margin for management and follow up the collection of installments, and the financing must be sufficient for the citizen to own a house and not partial and deducted monthly from the borrower's account so that it does not exceed 25% of his monthly income. This method will eliminate defaults, as figures recently showed that the Real Estate Development Fund's non-performing debts reached 34 billion riyals.

Economic analyst Al-Ruwai pointed out that the financing must be sufficient for the citizen to own a house, not a partial one.

In an interview with Al-Riyadh newspaper published today, the economic analyst pointed to the need to change the policies pursued by the ministry to benefit from government support, which amounted to about 250 billion riyals from the 2012 budget surplus.

About the Kingdom's impact on low oil prices, Al-Raqeeb said that the pressure on oil prices will continue and this will negatively affect the Kingdom's revenues if we know that the percentage of the Saudi economy's dependence on oil revenues exceeds 90%, but thanks to God, the Kingdom benefited in the oil boom in the past years and formed huge reserves that exceeded 2.5 trillion riyals, according to the monthly statistical bulletin of the Monetary Authority for July 2015, and the size of debt in relation to GDP is within 2%, which is the lowest in the world, so the Kingdom's economy will not be affected in the near term and the Saudi economy can remain steadfast to challenges for long years, which may extend to 10 years.