The Director General of the Real Estate Development Fund, Engineer Yousef Al-Zughaibi, explained that the new directions The Real Estate Development Fund focuses on three main pillars: First, providing diverse financing products for citizens who have applied to the Fund and are still on the waiting lists, a number exceeding 450,000. Second, maximizing and growing the Fund's capital to achieve independence and fulfill its primary objective of supporting those eligible for housing through mortgage loans.
The third direction of the fund, which draws up a roadmap for housing support institutions for citizens, is integration with the Ministry of Housing so that it integrates with the ministry’s goals and does not conflict with them.
Al-Zughaibi expressed his great thanks and gratitude to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince, Second Deputy Prime Minister, Minister of Defense, and Chairman of the Council of Economic and Development Affairs, for approving the directions and visions of the Real Estate Development Fund, after they were presented to the Council in its recent session.
The Director General of the Real Estate Development Fund stated that the transformation project announced by His Excellency the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, Chairman of the Board of Directors of the Real Estate Development Fund, after it was approved by the Council of Ministers, is proceeding with well-considered steps, as the Fund is close to completing the institutional transformation from an organizational structural perspective.
