Although it appears optimistic, implementing it sounds impossible. Officials from the fund are expecting more than five million applications in only five days.

The wait list currently has more than 600,000 citizens with most waiting for over 15 years.

The fund needs around SR143 billion to meet their demands. Earlier this week, the electronic program of “Moyasar” received more than two million applications in 48 hours. Adding this to previous applications means the fund will need around SR2 trillion to finance the program. Specialists predict numbers will double before the end of this year.

The funny thing is that one official announced that the number of applicants reached 700,000 in eight hours. He said priority would be given based on registration by hour, minute and second. With a simple calculation, I found that 25 applicants are registering every second. Who will get priority?

I think the Ministry of Housing has rushed in offering the “dream” project. Officials are required to be transparent in explaining the resources of funding and time of payments. Some people are looking at it as a bubble launched by the ministry before making sure that facilities are funded.

Who will help us rectify the situation and address concerns of applicants?