His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, may Allah preserve him, the Crown Prince and Deputy Prime Minister and Minister of Defense, revealed that in 2011 and 2015 a total of 250 billion riyals were allocated for housing; only two billion of that was spent and not used; the ministry was unable to transfer these funds to projects on the ground because the state center was weak and the ministries were scattered.<\/p>\n\n\n\n
His Highness said that The housing problem<\/a> She was 20 years old and represented the most significant challenges of the 2023 vision. The citizen had been waiting for about 15 years to obtain a loan or housing support, and the level of homeownership was between 40 and 50; % before the vision, it was 47 % in 2016, while the housing system managed to increase the homeownership rate among Saudis to 60% in just 4 years in 2020.<\/p>\n\n\n\n \u00a0His Highness emphasized, during The TV interview<\/a> The news channel interviewed him yesterday, Tuesday, on the occasion of the 5th anniversary of the launch of Vision 2030, about their approaching the Vision\u2019s targets before reaching 2030 by a long way, pointing out that housing is the Vision 62% target, which was reached at 60% in 2020 and we will reach it at 62% in 2025, which means that the Vision target has exceeded from 62% to 70% of the number of citizens who own homes.<\/p>\n\n\n\n He noted that the reason for establishing Roshan was to be an alternative plan in case the housing targets were not achieved due to the lack of structure, policies, and working groups, but the Ministry of Housing succeeded in achieving the required work in cooperation with the other entities with which it works, achieving the targeted ownership rate in 2020 of 60%.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, revealed that 250 billion riyals were allocated for housing in 2011 and 2015, of which only two billion were disbursed. 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