Ministry of Housing: Balancing supply and demand in the housing market is our most important goal

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The Ministry of Housing revealed that it seeks to activate a set of short- and long-term strategic programs and plans to support the housing sector in the Kingdom, develop its tools, and raise the level of its movement in terms of buying, selling and developing at appropriate prices that are compatible with the capabilities of all segments of society, and the Ministry indicated in a press release that its policies are based on a variety of options for the citizen that agree on their quality of design and implementation and meet the aspirations of citizens, in accordance with the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, may God protect him

. The Ministry renewed its confidence in the partnership with the private sector represented by real estate developers, stressing that this partnership will contribute to the development of the real estate market in the Kingdom and increase the supply of housing units with various options that suit different groups, especially since the private sector has already started to activate this partnership and pump more housing units in a faster mechanism, thus working to address the housing crisis within an appropriate period of time.”

The Ministry renewed its confidence in the partnership with the private sector represented by real estate developers. The Ministry has strengthened its partnership with the private sector during the past period by holding a series of meetings and meetings with real estate developers in all regions of the Kingdom, providing them with investment opportunities to partner with the Ministry in building and pumping housing units, and providing them with a number of incentives that benefit the country and the citizen, noting that these meetings have achieved positive results that will benefit all parties targeted by the Ministry in its vision.

The statement stressed the importance of the partnership with the private sector. <The statement stressed the importance of achieving a balance between supply and demand in the housing market, describing this as its main objective, noting that it aims to achieve this through its various projects and programs, which include villas, apartments and lands distributed in all regions of the Kingdom, some of which have been distributed and others are on their way to be distributed to those entitled to housing support, in addition to its programs and systems that come as a tributary to its projects such as partnership with the private sector and the establishment of the Developer Services Center, not to mention the white land fee system, the regulation of off-plan sales, an information center and