Prince Mishaal named new Makkah governor

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Updated 23 December 2013
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Prince Mishaal named new Makkah governor

Prince Khaled Al-Faisal, who was hitherto governor of the Makkah region, has been appointed minister of education, replacing Prince Faisal bin Abdullah. Prince Mishaal bin Abdullah, who was the governor of Najran, will take charge as the new Makkah governor. 
Custodian of the Two Holy Mosques King Abdullah made the new appointments by issuing a Royal Decree, which said Prince Faisal bin Abdullah was relieved of his position as education minister upon his request.
Prince Khaled, the third son of the late King Faisal, has previously worked as the governor of the Asir region from 1971 to 2007 and at the Ministry of Social Affairs. The Arab Gulf soccer championship was his brainchild. Since 2007 he has been the governor of Makkah.
Prince Khaled is a member of the Allegiance Council, representing his father. He has been widely regarded by Saudis as a good administrator who has been doing his work with clarity and determination.
He was the chairman of a ministerial committee that was set up to find out the culprits behind 2009 Jeddah floods. He supervised a large number of giant projects that were carried out during the past three years to prevent flooding in Jeddah. He has won the applause of Jeddawis for spurring the city’s development.
Prince Mishaal is the sixth son of King Abdullah. He was appointed governor of Najran in March 2009. After obtaining a bachelor’s degree in political science from King Saud University in Riyadh, he pursued his higher education in the UK. He has worked as head of the computer department at the National Guard from 1997 to 2003. He was later appointed minister plenipotentiary at the Foreign Ministry where he worked until 2006. He has also worked as an adviser at the Royal Court.


Website launched to support housing project in Saudi Arabia

The Ministry of Commerce and the Ministry of Housing are working together to provide the necessary services for citizens from different social classes. (SPA)
Updated 37 min 19 sec ago
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Website launched to support housing project in Saudi Arabia

  • Real estate financing for January hit SR4.7 billion, and coming months were expected to see even bigger figures, Al-Hogail told Reuters news agency on the sidelines of a housing conference in Riyadh

RIYADH: A new website has been set up to support a housing project for 10,000 units in the Kingdom.
Housing Minister Majid Al-Hogail, and Commerce and Investment Minister Majid Al-Qassabi on Sunday launched Benaa Housing, which will help construction companies and contractors contribute to a development program in the Kingdom.
Benaa Housing aims to speed up the process of building 10,000 housing units in various parts of Saudi Arabia by enabling small and medium enterprises in the construction sector to access and contribute to projects and opportunities. The estimated cost of the project is SR3.5 billion ($910 million).
“The Ministry of Housing is always keen to provide adequate housing, solutions, and services suitable to all families, especially the beneficiaries of the Housing Development Program in all regions of the Kingdom,” Al-Hogail said.
Al-Qassabi said the new platform would generate more business opportunities for small and medium enterprises and provide suitable apartments for middle-class and lower-income families.
“The Ministry of Commerce and the Ministry of Housing are working together to provide the necessary services for citizens from different social classes and groups, and the new platform is the fruit of these efforts,” he added.
Earlier this month, the housing minister said he expected investments in the real estate financing sector to reach between SR60 billion and SR80 billion this year.
Real estate financing for January hit SR4.7 billion, and coming months were expected to see even bigger figures, Al-Hogail told Reuters news agency on the sidelines of a housing conference in Riyadh.
Saudi home ownership was growing between 6 and 7 percent annually, he said, adding that he hoped to raise home ownership to 15,000 new households per month by 2020, from a little over 10,000 per month now.
The ministry aims to increase housing ownership through policy and stimulating the private sector, according to its website.
The challenges facing the ministry are the limited availability of suitable units for all parts of the population; difficulty in accessing adequate housing finance; the inefficiency of the real estate sector and heavy reliance on government funding.
“Even though 47 percent of Saudi families already own their homes, we aim to increase this rate by 5 percentage points by 2020,” the Kingdom’s Vision 2030 reform plan states. Vision 2030 also aims to speed up construction and provide Saudis with high-quality, competitively priced housing, and to stimulate localization of the country’s construction industry.