Sakani program to add 11,000 homes in Jeddah

The Housing Ministry has deals with two real-estate companies. (Reuters/File)
Updated 18 October 2018
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Sakani program to add 11,000 homes in Jeddah

  • The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units
  • The Ministry stressed its keenness to work with qualified developers to add to housing stock

JEDDAH: The Saudi Ministry of Housing has signed agreements with two real-estate development companies to add more than 11,000 homes in Jeddah for the Sakani program. The deals were signed on October 15 during an event announcing the program’s 10th batch of beneficiaries.
The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units, while the second, Jeddah airport housing, is on land owned by the Ministry and will includes 2,203 units.
The agreements were signed in the presence of Minister of Housing Majid bin Abdullah Al-Hugail, National Housing Company CEO Mohammed bin Saleh Al-Bati, and officials from the ministry and the Real Estate Development Fund. They follow previous agreements signed by the Ministry of Housing with a number of developers to build housing in various regions of the Kingdom. Sixty projects providing more than 90,000 diverse homes, with prices ranging from SR250,000 to SR750,000 have already been launched.
The Ministry stressed its keenness to work with qualified developers to add to housing stock and support supply in the sector, to encourage competition between companies to meet the needs of citizens in a way that suits local markets and ensures the provision of continued maintenance services for the residential units.
“The real-estate developers with whom we signed contribute along with the Ministry to the service of citizens in order to provide a suitable residential environment on the levels of prices and specifications, while presenting the beneficiaries with the guarantees needed,” the Ministry said.
“These projects will be completed and handed over to the beneficiaries within a period not exceeding three years. These housing projects are integrated in terms of services and public facilities. They include mosques, public parks and green areas as well as government buildings.”


Elite leaders and inventors gather in Riyadh for global youth forum

This year’s schedule is being kept under wraps until Wednesday. (AFP)
Updated 27 min 53 sec ago
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Elite leaders and inventors gather in Riyadh for global youth forum

  • Keynote speakers at previous events have included the UAE Minister State for Youth Affairs, Shamma Al-Mazrui, Queen Rania of Jordan and Microsoft founder Bill Gates
  • The foundation will present the Global Youth Index, covering youth trends across 25 countries

RIYADH: The Misk Global Forum will open in Riyadh on Wednesday with an eye on the future, reflected in the theme for the third annual event: “Skills for Our Tomorrow.” 

The theme is very much in keeping with the aim of the Misk Foundation, a non-profit organization established by Crown Prince Mohammed bin Salman in 2011 to develop and empower Saudi youth to become active participants in the future economy.

Also at this year’s forum, the foundation will present the Global Youth Index, covering youth trends across 25 countries.

Since its first year in 2016, the forum has become an anticipated event for young Saudis, who get to connect with leaders and innovators from around the world in a series of workshops and panels.

“In addition to hosting an elite group of speakers, the forum also offers a unique opportunity for young leaders, inventors and creators to interact with renowned global leaders and inventors,” Shaima Hamidaddin, the forum’s program lead, explains on the website.

“Throughout the interactive sessions, youth from all over the world can discover, experience and experiment new concepts and insights to meet the challenge of change.”

Each year, MGF chooses a different theme. In 2016, it was “Young Leaders Together,” aimed at empowering a generation of entrepreneurs in the region, while in 2017 it was “Meeting the Challenge of Change.” 

Keynote speakers at previous events have included the UAE Minister State for Youth Affairs, Shamma Al-Mazrui, Queen Rania of Jordan and Microsoft founder Bill Gates. 

This year’s schedule is being kept under wraps until Wednesday, but workshops and panels will address three key points: Thriving as adaptable individuals, adjusting to the human-machine partnership and revamping uniquely human collaboration. 

These are broken down into five core skills that will enhance the way young people live and work in the future: Novel thinking, social intelligence, judgment and decision making, adaptability and resilience, and initiative and self-direction.   

More than 3,500 delegates and 100 speakers are expected to attend this year’s forum at Four Seasons Riyadh on Wednesday and Thursday.