KAEC to offer low-cost housing units

Updated 09 December 2014
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KAEC to offer low-cost housing units

King Abdullah Economic City (KAEC) will have high environment standards and will be equipped with state-of-the-art technology, a senior official said during Cityquest 2014-KAEC Forum, in Jeddah.
The project will offer low-cost housing units to Saudis and expatriates.
The forum kicked off with a warm welcome by Abdullatif A. Al-Othman, governor of the Saudi Arabian General Investment Authority (SAGIA), who thanked the sponsoring parties for their support.
Al-Othman said investment plans are underway with a strong focus on economic cities as business hubs across the Kingdom.
“The government has identified this sector as the most promising and significant one in terms of job creation, technology transfer and exports development,” he said.
“The Kingdom is developing economic cities based on a strategic vision,” he said, pointing out that KAEC represents an excellent example of a logistic hub in the Kingdom with the launch of the King Abdullah Port (KAP).
Fahd Al-Rasheed, managing director and chief executive of KAEC Group, said that KAEC represents King Abdullah’s vision to reinforce economic development, attract foreign investment, open jobs for young Saudis, and provide residential solutions for citizens.
“KAEC has become a new platform to exchange knowledge, to attract foreign investments and to introduce global initiatives such as KAEC-Cityquest Forum, which embraced the experiences of 20 new cities around the world with more than 200 participants from 35 countries,” he added.


13,230 families benefit from ‘Sakani’ program in Saudi Arabia

More than 157,000 families benefited from the program during 2018. (SPA)
Updated 17 June 2019
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13,230 families benefit from ‘Sakani’ program in Saudi Arabia

  • More than 157,000 families benefited from the program during 2018

RIYADH: The Ministry of Housing’s “Sakani” program has helped 13,230 families registered on its Real Estate Development Fund list with housing options and finance solutions during May.
This includes 5,835 families who live in their own homes, bringing the total number of families benefiting from the program in different regions of the Kingdom since the start of the year to 68,195.
The Sakani program announced the names of beneficiaries and their national ID numbers through the link https://sakani-names.housing.sa or via the program portal.
More than 157,000 families benefited from the program during 2018.
Ministry of Housing spokesman Saif Al-Suwailem said that Sakani continues to provide its services to beneficiaries according to their needs and abilities. The ministry is keen to provide better services in line with the “Eskan” program, one of the Saudi Vision 2030 initiatives that aims to raise the proportion of residential ownership to 70 percent by 2030.
As part of Sakani’s efforts to provide suitable housing options, the program began to implement 53 new housing projects in different regions of the Kingdom, characterized by affordable prices for a large segment of citizens registered on the lists of the Ministry of Housing.
Al-Suwailem said that the ministry was keen to find solutions for Saudi families that help them to own the right home for them. SPA Riyadh