An official at the Ministry of Housing explained that the ministry obtains land for its projects through the regional secretariats and a number of other government agencies, but he denied that the ministry would resort to buying land for its projects because this would raise land prices, he said.
\nThe Ministry of Housing official added that the Ministry of Housing obtains land not only from the secretariats, but also from other government agencies, such as state property, indicating that it is not the policy of the Ministry of Housing to buy land when the areas granted by the regional secretariats and transferred to them by a legal deed of ownership to build housing projects are not sufficient for the needs of the region, or in the event that the regional secretariat cannot provide the required area, citing the lands of the city of Hail, which were transferred to the Ministry of Housing, hinting that if the ministry buys land, land prices may rise.
\nAs for the Real Estate Development Fund loan, the deceased is exempted from repayment after submitting his papers to the Ministry of Finance, which makes the payment on his behalf. As for the additional financing from the banks, in which the Real Estate Development Fund cooperates with them in this regard, the Development Fund does not interfere in it because its system is independent of the banks, and it is considered a private loan between the beneficiary and the bank,\u201c said the source. .
\nEarlier this week, Dr. Shuwaish Al-Duwaihi, Minister of Housing, confirmed that the ministry will start allocating housing units in the Buraydah project, which includes 381 housing units, while the ministry continues to allocate housing products \u201cland, land and loan, housing unit loan\u201d according to stages until all housing products available in the list of its housing products in all regions in its first cycle, which amounted to 306,629 housing products, distributed between the land product, loan and housing units.<\/p>","protected":false},"excerpt":{"rendered":"
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