King Salman: Housing for citizens top priority

Updated 07 April 2016
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King Salman: Housing for citizens top priority

RIYADH: Custodian of the Two Holy Mosques King Salman on Tuesday urged the Housing Ministry to continue its efforts to build suitable and affordable housing for citizens, which he said was a priority of his government.

King Salman made the remarks in a speech during a meeting with Housing Minister Majed bin Abdullah Al-Hogail, officials from the Real Estate Development Fund and private sector representatives at Al-Yamamah Palace, SPA reported.
King Salman said it was vital for the ministry to complete projects because it would ensure “comprehensive and balanced development” across all regions of the Kingdom.
“The provision of suitable housing and a decent life for citizens are among our priorities and are receiving my personal attention.” He said the government has issued legislation and set aside huge allocations in the budget for housing in the country.
“The state has encouraged investment in this area and enhanced the role of the private sector as a partner to complement the government’s efforts in achieving this objective.”

“It has also sought to find a balance between supply and demand and encouraged land owners to develop and invest in land, to help bridging the growing need for housing.”
King Salman said the ministry has made significant headway in achieving these goals with its plans, and by drawing in various stakeholders crucial to the process. He wished officials every success in their endeavors “for the provision of suitable housing for our citizens.”
Al-Hogail, in his speech, said that the ministry considers the sector as one of the most important in the country, and that it has been working with the private sector to build a mix of homes for citizens, which were affordable and high quality. He said several agreements have been signed with qualified real estate development companies inside the Kingdom and abroad to build 180,000 residential units across the country.
The country will reportedly has a shortage of 1.5 million homes over the next five years, with the ministry introducing several measures to assist local and international developers built homes for citizen.


Saudi capital to get world’s biggest park in $23bn project

Updated 14 min 7 sec ago
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Saudi capital to get world’s biggest park in $23bn project

  • The project will see 7.5m trees planted and the creation of the world's biggest park
  • There will be 70,000 jobs created across the four major projects

RIYADH: The world’s biggest park will be created in Saudi Arabia as part of a $22.9bn project that promises to create vast open green areas in Riyadh, creating thousands of new jobs, state news agency SPA reported on Tuesday

The aim of the project is to “significantly improve the lives of its citizens, transform the city into an attractive destination and make it one of the world’s most livable cities,” the report added.

The four projects - King Salman Park, Sports Boulevard, Green Riyadh and Riyadh Art – will complement the Saudi Vision 2030’s “Quality of Life” Program and are aligned with the UN Sustainable Development Goals, to create sustainable cities and communities, while driving urgent action against climate change.

Developed with a government investment of $23 bn, the four projects will offer opportunities worth $15bn for the private sector to invest in residential, commercial, recreational and wellness projects.

As well as creating tens of thousands of new jobs, the project will also help boost efforts to improve the city’s health and wellbeing with a commitment to wellness, health, sports, culture and the arts, underpinned by a commitment to environmental sustainability.

Measuring 13.4 square kilometers, King Salman Park will be the world’s biggest park, with residential areas, hotels, and will also feature a Royal Arts Complex, theaters, museums, cinemas, sports venues, water features, restaurants and an 18-hole Royal Golf Course.

The park will also boast several landmark assets, including the Riyadh Fountains and a Vertical Garden. As an environmentally sustainable urban development, it will offer opportunities for the international community in arts, entertainment and culture.

Image: riyadhgreen.sa

One of the world’s largest urban greening projects, Green Riyadh will increase Riyadh’s green cover with 7.5 million trees.

The massive planting project will help increase the city’s green cover from 1.5 percent of Riyadh’s total area to 9.1 percent – that’s approximately 541 square kilometers, by 2030.

Image: riyadhgreen.sa

Green space availability will increase to 28 square meters per capita from the current 1.7 square meters per capita, compared to the World Health Organization’s recommendation of 9 square meters per capita.

Green Riyadh will help reduce average ambient temperature by 2C, and will use more than 1 million cubic meters of treated sewage effluent daily for irrigation, for the sustainability of water resources in the city.

Image: riyadhgreen.sa

Sports Boulevard  - a health and wellness destination in the heart of the city- will feature a 135 kilometer-long professional cycling track covering the city and the surrounding valleys, the first of its kind in the region.

Adding 3.5 million square meters of new open space across the city, this grand project will also feature a sports pavilion, riding stables and athletics tracks.

Riyadh Art will be the world’s largest government investment in public art and will establish the city as “a gallery without walls” through a world-class interactive public arts program.

With 1,000 artworks curated through 10 separate programs and an annual arts festival, this project will feature large-scale art works with the aim of drawing art lovers and creators from around the world.

The projects are part of Saudi Arbia’s strategy to meet their Vision 2030 goals, they are expected to provide 70,000 new job opportunities.

Construction work is due to start in the second half of 2019.