The General Supervisor of the Ministry of Housing Agency for Planning and Studies revealed the imminent completion of the file of the first partnership projects that the ministry is working on with the private sector located in its project in the north of Riyadh by building about 1000 residential apartments. Engineer Mohammed Al-Zamaiya told \u00abAl-Jazeera\u00bb that the ministry is about to finalize the approval of the developer companies, which is estimated at about ten companies, where the ministry will work to provide a climate of transparency and competition that allows each developer a quantity of work and projects commensurate with its seriousness and the size of its business, adding that the citizen entitled to the housing product will judge the level of success through his demand to deal with him. The General Supervisor of the Ministry of Housing Agency for Planning and Studies pointed out that real estate developers will undergo 11 stages to start constructing housing units, ending with the ministry's handover of land to real estate development companies under a handover report on March 8, 2015, corresponding to Jumada I 17 of next year, indicating that the ministry will develop mechanisms to ensure the flow of Real Estate Fund loans to developers based on reports on their completion rates of housing units. He explained that the current partnership model relies on an important part, which is that the real estate developer has the ability to market his products, so that he has designs for housing units at appropriate prices and quality that suit the desire of citizens benefiting from housing support.<\/p>","protected":false},"excerpt":{"rendered":"
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