Shura Council approves housing strategy and calls for it to be updated every five years

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The Shura Council approved the National Housing Strategy in its session on Monday, and endorsed the recommendation of the Housing Committee to reconsider the transition period for a greater role for the private sector, so that this period is reduced to less than ten years. Members of the Shura Council demanded that the mechanisms for providing housing for people with special needs, widows, orphans and divorced women without a breadwinner should be clarified within the strategy.

The Shura Council stressed coordination with municipal affairs, the private sector and relevant authorities to implement it. The Shura Council emphasized coordination with municipal affairs, the private sector and relevant authorities to implement it, calling for a re-evaluation of the financial analyses contained therein, including with regard to the financial burdens on citizens, the role of secondary markets in providing liquidity, the role of small and medium enterprises in providing housing and risk management, and called on the Council to update the strategy every five years.

The Council also called for updating the strategy every five years.