King Salman: Housing for citizens top priority

Updated 07 April 2016
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King Salman: Housing for citizens top priority

RIYADH: Custodian of the Two Holy Mosques King Salman on Tuesday urged the Housing Ministry to continue its efforts to build suitable and affordable housing for citizens, which he said was a priority of his government.

King Salman made the remarks in a speech during a meeting with Housing Minister Majed bin Abdullah Al-Hogail, officials from the Real Estate Development Fund and private sector representatives at Al-Yamamah Palace, SPA reported.
King Salman said it was vital for the ministry to complete projects because it would ensure “comprehensive and balanced development” across all regions of the Kingdom.
“The provision of suitable housing and a decent life for citizens are among our priorities and are receiving my personal attention.” He said the government has issued legislation and set aside huge allocations in the budget for housing in the country.
“The state has encouraged investment in this area and enhanced the role of the private sector as a partner to complement the government’s efforts in achieving this objective.”

“It has also sought to find a balance between supply and demand and encouraged land owners to develop and invest in land, to help bridging the growing need for housing.”
King Salman said the ministry has made significant headway in achieving these goals with its plans, and by drawing in various stakeholders crucial to the process. He wished officials every success in their endeavors “for the provision of suitable housing for our citizens.”
Al-Hogail, in his speech, said that the ministry considers the sector as one of the most important in the country, and that it has been working with the private sector to build a mix of homes for citizens, which were affordable and high quality. He said several agreements have been signed with qualified real estate development companies inside the Kingdom and abroad to build 180,000 residential units across the country.
The country will reportedly has a shortage of 1.5 million homes over the next five years, with the ministry introducing several measures to assist local and international developers built homes for citizen.


Majlis culture brings a little Saudi warmth to freezing Davos

At a five-star hotel in Davos, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming ‘The future-forward economy — Invest Saudi.’ (AN photo)
Updated 23 January 2019
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Majlis culture brings a little Saudi warmth to freezing Davos

  • The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders

DAVOS: From the sub-zero temperatures of the icy Davos Promenade you are ushered through a glass door into the warmth of a desert majlis, with works by young Saudi artists on the walls and traditional Arabian delicacies being served. It is quite a culture shock.

The Davos majlis is the work of the Misk Global Forum (MGF), the international arm of the organization founded by Crown Prince Mohammed bin Salman to promote youth empowerment. 

The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders.

“The Kingdom’s participation in WEF 2019 highlights its role in developing the regional and global economy, and reflects the nation’s continuing ambition for sustainable development,” said Bader Al-Asaker, head of the crown prince’s private office and chairman of the Misk Initiatives Center. 

The Saudi delegation’s HQ overlooks the main congress hall, inside the Davos security cordon. 

At a nearby five-star hotel, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming: “The future-forward economy — Invest Saudi.” 

This is the second year Misk has been prominent at Davos. As well as the majlis, its pavilion offers visitors the chance to immerse themselves in modern Saudi art via a virtual reality tour of the work of four young artists.

Misk is organizing daily events there, building up to a power breakfast with leading executives on Friday on the theme of youth empowerment.

“In an age of profound economic disruption, we regard young people as the problem-solvers, not a problem to be solved,” said MGF executive manager Shaima Hamidaddin.

“We’re holding interactive discussions on how to empower young people to be the architects of the future economy, not the tenants of it.”