Today, the Real Estate Development Fund in Saudi Arabia announced the deposit of more than 921 million riyals in the accounts of the “sakani” beneficiaries of the Ministry of Municipal, Rural Affairs and Housing and the “Real Estate Fund” for the month of February 2023, as part of the continuous efforts to improve the affordability of housing costs, in order to achieve the goals The Housing Program – one of the Saudi Vision 2030 programs – to raise the proportion of citizens’ home ownership to 70%.
Mansour bin Madi, CEO of the Fund, stated that the total support for the current month of February was allocated to support the profits of the various housing subsidy programs contracts, indicating that the total amount that was deposited in the accounts of the “sakani” beneficiaries since the announcement of the transformation program in June 2017 until February 2023, It exceeded 45.3 billion riyals.
He stressed the continuity of housing support programs within more options and advantages, pointing out that the updated housing support program comes with the aim of raising the efficiency of housing support for “sakani” beneficiaries, as it included various financing and housing advantages and solutions that enhance the chances of owning adequate housing, according to the Saudi Press Agency “SPA”. .
He added that the “Design Your Support” service available on the real estate advisor platform allows beneficiaries to design their housing support and choose the appropriate housing product to meet their desire to own property, and benefit from supportive programs in line with their financial capabilities.
It is noteworthy that the Real Estate Development Fund provides services for housing support programs through more than 43 digital services through the fund’s electronic portal. The unified call 199088 and social media channels respond to the inquiries and questions of the beneficiaries.