The Saudi Arabia Ministry of Housing’s “Sakani” programme has added eight housing projects, distributed across four regions, in order to offer 2,384 plots of land to Saudi citizens looking to own their first home.
As part of the projects, the “Marj Al Soban” housing project in the Hafar Al-Batin Governorate of the Eastern Province will provide 589 residential plots of land; the “Najmat Al-Wajh” housing project in the Al-Wajh governorate of the Tabuk region will include 222 plots of land; and the “Al-Ward” housing project in the Bish governorate of the Jazan region will provides 552 residential plots.
The projects will also witness the launch of five housing schemes in the Riyadh region, including 4 plans in the Afif governorate.
The “Al-Harraniya” housing project will provide 88 plots; the “Al-Mardamah” housing project will provide 87 residential plots of land; the “Afif 811” housing project will contain 366 plots; the “Afif 306” housing project will offer 62 residential plots; and the “Shorouk Al-Saleel” housing project in the governorate of Al-Sulayyil will provides 418 plots of land.
The eight housing projects take the total number of housing projects available for land reservation to 205 housing projects, which provide 176,000 plots of land to be booked on the Sakani website or mobile application.
Saudi Arabia’s Ministry of Housing aims to increase residential ownership among its citizens to 70% by 2030. More than 58 housing projects at various stages of construction are being developed in various regions of the kingdom.
The programme provides Saudi nationals with access to residential plots, self-construction residential housing, prefabricated housing units, and under construction housing units, among other options.
The Sakani’s digital platforms provide details of the location, features, and prices of the residential units available for immediate and electronic reservation
The programme also offers Saudi citizens who own land the possibility of obtaining a 100% profit-backed real estate loan to build their own homes. It enables Saudi citizens to receive building permits within six months, start constructing within a year, and complete construction of their homes within three years, according to the state-run Saudi Press Agency.
During 2020, the Sakani programme aims to serve more than 300,000 families through various housing solutions, by enabling more than 130,000 families to move into new homes, offering Saudi families more than 90,000 plots of residential land, and constructing more than 100,000 housing units in partnership with real estate developers.
This information has been sourced from ConstructionWeekOnline. All rights and opinions thereof belong to the original source author/publisher. WASEL&WASEL does not purport to be affiliated with the news, its persons, or interests in any way unless explicitly stated so.
To request our assistance, please contact one of our Professionals.