The Ministry of Housing is considered one of the most important ministries in the Kingdom due to its large and pioneering role in providing housing units for housing support beneficiaries.
The rulers of the Kingdom have realized the importance of this ministry and its multiple and diverse tasks.
The rulers realized the importance of this ministry and the multiple and diverse tasks it performs, so they gave it special care and attention and provided it with more powers.
The Ministry is receiving more support, powers and benefits from the Council of Ministers, as it approved .space«> Last week, the Council approved the recommendations of the Council of Economic and Development Affairs regarding the directions of the Ministry of Housing, most notably the approval of the draft organization of the National Real Estate Authority to be established soon, where The Council decided that is organizationally linked to the Ministry of Housing to do converted-space"> the Authority will oversee all real estate-related matters, including the application, review, development and updating of relevant laws, instructions and regulations, as well as monitoring real estate sector indicators, in addition to the approval of the transfer of supervision to housing in relation to real estate units in its ownership system and its executive regulations, as well as in relation to off-plan sales activity, which was transferred from "trade" to "housing".
<p class="p1In order to facilitate the work of "Housing", the Economic Council directed the exemption of housing-related projects from building requirements related to multiple floors, setbacks and areas, provided that does not prejudice security and safety requirements and requirements.
An important matter approved by the Council is to direct the Saudi Arabian Monetary Agency to coordinate with the Ministry of Housing in preparation for revising the mortgage finance system and its executive regulations to meet the needs of beneficiaries, provided that <span class="Apple-converted-Perhaps the recent developments in the real estate market and the decision to impose fees on white lands within the urban area require that the real estate financing system and regulations be reviewed to be in line with the movement that occurred in this field.
<p class="p1All these powers and tasks are very important and will make the steps of the Ministry of Housing move smoothly, to abandon the extreme slowness that was inherent to it in previous periods.
What makes us more optimistic about a promising future for housing is that the ministry is run by a national competence known for his dedication and sincerity. Al-Haqeel is one of the promising young people who know how to manage things with skill and competence. We ask God to grant him success and success for all."
Editor-in-Chief
