KSA’s humanitarian aid agency chief meets Tajikistan envoy

Dr. Abdullah Al-Rabeeah meets with Tajik Ambassador Zarobiddin Qosimi in Riyadh on Sunday. (SPA)
Updated 30 December 2018
0

KSA’s humanitarian aid agency chief meets Tajikistan envoy

  • Saudi humanitarian tenders in accordance with the official Saudi Aid Platform in its current phase have reached a total of $32.83 billion

JEDDAH: Dr. Abdullah Al-Rabeeah, supervisor general of the King Salman Humanitarian Aid and Relief Center (KSRelief), met Tajik Ambassador Zarobiddin Qosimi in Riyadh on Sunday. They discussed issues of common interest and ways to enhance cooperation between the two sides.
On Saturday, KSRelief signed agreements with Tajikistan’s Emergency and Civil Defense Committee and the Land Reclamation and Irrigation Agency to support relief projects for people affected by seasonal floods and other natural disasters.
KSRelief Assistant General Supervisor Ahmed bin Ali Al-Bayez signed the agreements on the center’s behalf. Under the agreement with the Emergency and Civil Defense Committee of Tajikistan, KSRelief will extend financial assistance for the purchase of necessary equipment and formation of rapid response teams.
The second deal aims at providing Tajik Land Reclamation and Irrigation Agency with funds to maintain its concrete fenders project in its rivers to protect villages.
The Kingdom’s humanitarian tenders in accordance with the official Saudi Aid Platform in its current phase (2007-2017) have reached a total of $32.83 billion.
The number of the Kingdom’s humanitarian, development and philanthropic projects reached 1,084, with a total of $31.90 billion for 78 benefiting countries.


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 45 min 33 sec ago
0

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.