Sakani Expo Jeddah 2019 to kick off Monday

The expo will also help beneficiaries approaching retirement age to use the Civilian Down Payment Support Program. (SPA)
Updated 15 April 2019
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Sakani Expo Jeddah 2019 to kick off Monday

  • Military personnel can benefit from the Military Home Loans (MHL) initiative, one of the initiatives of the 2020 Eskan (Housing) Program

JEDDAH: Sakani Expo Jeddah 2019, the housing fair organized by the Ministry of Housing and the Real Estate Development Fund (REDF), will open on Monday and run until April 24 opposite the Red Sea Mall in Jeddah.
The expo aims to help people buy their first homes by bringing together developers, real estate professionals, contractors, government agencies and financial institutions — providing all possible housing and financing services in one place.
It will also allow attendees to meet real estate advisers, to broaden their knowledge of the processes involved in taking out loans and acquiring property. In addition, a specialized team will provide a comprehensive analysis of credit beneficiaries’ statuses to help them find suitable financing solutions
Military personnel can benefit from the Military Home Loans (MHL) initiative, one of the initiatives of the 2020 Eskan (Housing) Program. The expo will also help beneficiaries approaching retirement age to use the Civilian Down Payment Support Program, which will let seniors own their own house by providing support similar to the MHL.


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.