In a new achievement that reflects the depth of the transformations led by Saudi Vision 2030, Minister of Municipalities and Housing Majed Al-Hogail announced that the home ownership rate among Saudi families has surpassed the target set for 2025 ahead of schedule, reaching 65.4% compared to just 47% in 2016. This significant leap confirms that housing stability has become a tangible reality for every citizen, thanks to an ambitious national vision driven by a determination that knows no limits.
Al-Hogail explained in a post on his “X” account that this progress stems from an ambitious national vision that truly places housing stability as a fundamental right for every citizen. He expressed his gratitude to the Saudi leadership for putting people at the center of its focus, saying: “Thank you to our leadership for putting people first and making quality of life a reality we experience.”
And Saudi Vision 2030 is proceeding<a href="https://amlak.net.sa/77095/" The Vision is designed to be implemented in three main phases, each spanning five years, with each phase building on the successes of the previous one. The Vision is designed to be implemented in three main phases, each spanning five years, with each phase building on the successes of the previous one. The first phase focused on laying the foundations for transformation through comprehensive structural, economic, financial, and social reforms. The second phase aimed to accelerate progress and maximize the benefits from priority sectors. The upcoming third phase will focus on enhancing the sustainability of the transformation and capitalizing on new growth opportunities. In a related context, the 2024 annual report on Saudi Vision 2030 noted that 93% of the indicators for national programs and strategies met, exceeded, or were close to meeting their interim targets during the current year. The report also showed that the percentage of initiatives completed or on track by the end of 2024 reached 85%, reflecting continued progress in achieving the Vision’s goals and translating them into tangible achievements on the ground.
