“Real Estate Fund: ”Tatweer“ program supports 38 real estate companies to implement 41 residential projects in 2024

The program enabled developers to finance 3,749 housing units to boost supply and achieve the targets of the housing program and Vision 2030.
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The Real Estate Development Fund revealed that the “Tatweer” program supports 38 companies working in the development sector and real estate finance to establish 41 residential projects in various regions of the Kingdom during the current year. The CEO of Real Estate Fund Mansour bin Madi explained that the program enabled real estate developers to obtain the necessary financing to implement 3,749 housing units in 41 projects to enhance the real estate supply to achieve the goals of the housing program, one of the programs of Saudi Vision 2030.

The program aims to achieve the objectives of the housing program, one of the programs of Saudi Vision 2030. The “Tatweer” program works to enhance competition among real estate development institutions and companies to establish housing projects and provide diverse products with high quality and competitive prices commensurate with the actual needs of the beneficiaries of housing support programs, adding that the continuity of diversification of programs and facilities achieves efficiency and effectiveness, and enhances the chances of beneficiaries owning suitable housing.

He added that the continuity of diversification of programs and facilities achieves efficiency and effectiveness, and enhances the chances of beneficiaries owning suitable housing. <The CEO of the Real Estate Fund said: “The “Tatweer” program is a platform to facilitate the access of sector institutions and companies to the necessary financing to enable them to increase the real estate supply and address the challenges they face,” pointing out that the program has succeeded in attracting a new segment of sector establishments that have not previously dealt with financing agencies and enhanced their role in participating in achieving the objectives of the housing program.

The CEO of the Real Estate Fund said. It is noteworthy that the Real Estate Development Fund's “Tatweer” program has worked to build an effective partnership between real estate sector enterprises and financing entities to support the sector, achieve balance in the real estate supply, and provide competitiveness in providing housing products to beneficiaries of housing support programs.