In a new boost to the development of the housing sector in Saudi Arabia, Minister of Municipalities and Housing Majid Al-Hogail revealed the huge results achieved by housing programs in recent years, stressing that the financial market injected about 46.6 billion riyals to support the ministry's plans, thanks to the policies of the Ministry of Finance and the Central Bank that contributed to enhancing liquidity levels.
Speaking at a session of the Budget Forum 2026
. Speaking at a session of Budget Forum 2026, Al-Haqeel explained that the housing system is on track to achieve a qualitative achievement of serving more than 1.2 million beneficiaries by the end of 2025, while 920 thousand families have already settled in their homes so far, which reflects the impact of housing programs in raising the quality of life and increasing the housing supply.
Al-Haqeel said that the housing system is on track to achieve a qualitative achievement of serving more than 1.2 million beneficiaries by the end of 2025. <The minister pointed out that the current year witnessed remarkable activity in the demand for financing and housing contracts, as more than 90,000 beneficiaries signed investment contracts for housing, while building-to-rent programs within the Real Estate Balance Initiative achieved a significant momentum with the signing of more than 20,000 contracts. He stressed that the ministry is continuing to expand these initiatives by pumping more than 60,000 units for this type of programs, and will increase the pace next year by pumping more than 100,000 units for off-plan sales programs.
Haqeel also revealed that the ministry will continue to expand these initiatives by pumping more than 60,000 units for this type of programs. Al-Hogail revealed that the value of housing finance in the Kingdom reached 938 billion riyals by the end of the third quarter of 2025, an indicator that reflects the strength of the sector and its ability to attract more investments, adding that the homeownership rate reached 65.4% by the end of 2024, with a clear plan to reach 66% by 2026; a goal in line with the targets of Vision 2030 to raise ownership rates and enhance family stability.
In the framework of raising the supply of housing in the Kingdom, Al-Hogail said that the supply of housing is expected to be expanded by pumping 60,000 units for this type of programs. <Within the framework of increasing the real estate supply and achieving the required balance in prices, the minister confirmed the continued pumping of housing projects, as 107,000 units and developed lands will be provided during 2025, while an additional 80,000 units will be offered in 2026. He also highlighted the role of developmental housing programs that have so far enabled more than 50,000 families to own their homes, with plans to provide 20,000 new rental units next year to serve the most vulnerable groups.
He also highlighted the role of developmental housing programs that have so far enabled more than 50,000 families to own their homes.
