Housing Ministry plans to build 200,000 affordable housing units



RIYADH: ARAB NEWS

Published — Wednesday 6 February 2013

Last update 6 February 2013 6:20 pm

| نسخة PDF Print News | A A

The Ministry of Housing plans to implement a program that will result in the construction of 200,000 housing units.
The ministry said that 17,600 units are currently being implemented. There is adequate land for the program.
He said the ministry has brought a foreign expert who will determine the mechanism to help distribute the housing units to individuals. Custodian of the Two Holy Mosques King Abdullah has ordered the construction of 500,000 housing units across the Kingdom as part of social welfare schemes. Construction is scheduled to be competed at the end of this year.
The housing units are intended to meet the needs of the lower income sector throughout the Kingdom.
Key criteria for receiving housing units stipulates that a beneficiary does not own a house, according to a ministry spokesman.
The foreign expert will finalize the distribution mechanism by the end of the year, he said. He said Saudi citizens will be given choice between loans provided by the Real Estate Development Fund (REDF), the housing unit or any other program approved by the Ministry.

What's happening around Saudi Arabia

JEDDAH: A number of prominent Saudi women have cited several reasons for not running as candidates in the upcoming municipal elections. Some of them are an alleged lack of clarity on nominations and voting; they are too busy; and they want to make wa...
ALKHOBAR: A short circuit involving a transformer in the basement of the residential complex of Saudi Aramco resulted in the fire on Sunday, according to a preliminary probe.The blaze continued for over five hours in the residential towers. The fire...
JEDDAH: At the weekly Cabinet meeting on Tuesday, Vice Custodian of the Two Holy Mosques Prince Mohammed bin Naif briefed the Cabinet on the talks held by Custodian of the Two Holy Mosques King Salman with President Abed Rabbo Mansour Hadi of Yemen,...
JEDDAH: Private schools have been devising new ways to raise money from parents to circumvent the Education Ministry’s cap on fee increases, a local publication reported here recently.Schools now charge for services that do not require the ministry’s...
JEDDAH: Vice Custodian of the Two Holy Mosques, Minister of Interior and Chairman of the Supreme Haj Committee Prince Mohammed bin Naif has approved the general plan for implementation of Civil Defense works in emergency cases during the current Haj...
RIYADH: The government has shut down a cosmetics factory in Riyadh for using undisclosed raw materials and unhygienic process at its production facility.A team from the Ministry of Commerce and Industry, during a routine inspection, found the plant u...

Stay Connected

Facebook