Saudi housing program allocates monthly record 21,000 building plots

A Sakani plot map. (Sakani)
Updated 12 November 2019

Saudi housing program allocates monthly record 21,000 building plots

  • Riyadh received the largest issue of free lands

RIYADH: The Saudi Ministry of Housing allocated a monthly record of 20,907 plots for residential property building during October, according to official figures.

Riyadh received the largest issue of free lands under the ministry’s Sakani program at 4,443, with Makkah second on 2,797 and Eastern Province getting 2,205.

A statement from program officials said October had seen the biggest batch of land distribution across the Kingdom in preparation for the construction of housing units by beneficiaries, a situation made possible due to the electronic streamlining of the application process.

Other parts of the Kingdom to receive land allocations were Qassim (2,140), Madinah (2,058), Asir (1,665), Najran (1,301), Jazan (1,258), Hail (1,192), Northern Borders (809), Al-Baha (542), Jouf (420), and Tabuk (77).

“This comes as a continuation of the housing support Sakani provides throughout the Kingdom,” the statement said. “The handing of free lands will continue at the ministry’s branches, with areas ranging between 450 and 527 square meters each.”

It added that beneficiaries could complete procedures and choose appropriate housing plans online by visiting https://sakani.housing.sa/plans-map.

“Free lands are one of the options provided by the program. Beneficiaries may also apply for villas among the ministry’s projects, buy an under-construction residential unit in partnership with the private sector, buy a finished housing unit off the market, or acquire a 100 percent subsidized profit mortgage for landowners.”

Phase three of the 2019 Sakani program includes 200,000 housing and financing options, among them 50,000 free lands, 50,000 housing units in cooperation with the private sector, and 100,000 subsidized mortgages for the beneficiaries of the Real Estate Development Fund (REDF) in partnership with banks and financial institutions.
 


Saudi-backed electric car breaks through 500 miles range barrier

Updated 12 August 2020

Saudi-backed electric car breaks through 500 miles range barrier

  • Lucid Motors announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan

 

LONDON:A Saudi-backed electric vehicle has broken through the 500 mile range barrier from a single charge.
Lucid Motors, in which Saudi Arabia’s Public Investment Fund is a major investor, on Wednesday announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan.
The results confirm that the Lucid Air is the longest range electric vehicle to date, the car maker said in a statement.
So-called “range anxiety,” where drivers fear being stranded without power in their cars, is a major factor for electric vehicle manufacturers in convincing people to make the switch from traditional gasoline-fueled vehicles.
“Range and efficiency are widely recognized as the most relevant proof points by which EV technical prowess is measured,” said Lucid Motors CEO Peter Rawlinson. “A few years ago we revealed our alpha prototypes of the Lucid Air and promised over 400 miles range; a reflection of our technology at that time. In the intervening period we have achieved a series of technological breakthroughs, culminating in an unsurpassed degree of energy efficiency.”
The PIF agreed a $1 billion investment deal with Lucid Motors two years ago to develop the car at a factory in Arizona.
The production version of the Lucid Air will debut in an online event on Sept. 9, 2020. In addition to the vehicle’s final interior and exterior designs, new details about production specifications, available configurations, and pricing information will also be shared.
Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will begin in early 2021.