The Ministry of Housing is kicking off the new year 2016 with the largest package of government support programs for the 730,000 Saudi families, through several programs that include; housing loans, land and loan product more than 100,000 products, and the allocation of housing products.

The new package includes developed and innovative programs to increase the supply of housing in partnership with the private sector. The new package includes developed and innovative programs to increase the supply of housing in partnership with the private sector, as this step coincides with the activation of the Ministry's Developers Center announced by Minister of Housing Majid bin Abdullah Al-Hogail, where the center will support developers' projects that focus on developing affordable housing units suitable for the targeted segments of citizens, especially those eligible for subsidies.

It is noteworthy that the new package includes developed and innovative programs to increase the supply of housing in partnership with the private sector. It is noteworthy that the Ministry of Housing has set a strategic goal to construct 1.5 million housing units within five years, from 2016 to 2021, by focusing on innovative partnership programs, especially in major cities, relying on the white fees system and a number of incentives that promote the creation of an attractive competitive environment for the real estate development sector.

Ministry of Housing has set a strategic goal to construct 1.5 million housing units within five years, from 2016 to 2021, by focusing on innovative partnership programs, especially in major cities.