Vision Realization Programs

    Housing Program

    Before the launch of Vision 2030, families in Saudi Arabia could wait up to 15 years to receive housing support. Today, that support is instant.

    Families are the foundation of a vibrant society and the Kingdom recognizes each family’s aspiration to enjoy safety and security of owning a home – a place of comfort, where memories are made and milestones celebrated. By easing access to financial support, streamlining processes and digitizing documentation, homeownership increased from 47% to more than 60% in the end of 2022.

     

    Launched in 2018, the Housing Program is making the dream of homeownership a reality for millions of families across Saudi Arabia. The Kingdom is committed to supporting access to affordable, quality housing for all citizens, and is the only country with a national housing strategy program and a defined target of homeownership.

     

    The Housing Program’s overhaul of the Kingdom’s housing sector has broadened access to finance, simplified regulations, and supplied the market with diverse options. As a result, Saudi Arabia is well on its way to meeting its goal of 70% homeownership by 2030 and ensuring that all families can one day own the home of their dreams.

     

    For families that need help to achieve homeownership, the Program established Sakani, which provides personalized housing and financing solutions. Over a million families have been supported by Sakani, with a third now living in their dream home.

     

    For those who rent, the Program launched e-service Ejar, which protects renters from landlord misconduct, while giving landlords credible, enforceable rental contracts. To date, more than 4.5 million leases have been registered.

     

    Numerous real-estate development projects are bolstering Saudi’s current housing shortfall, while providing investment and job opportunities. These projects, combined with the Program’s initiatives and partners, are creating welcoming neighborhoods throughout the Kingdom that bring communities together.

     

    Strategic Objective

    Enable suitable home ownership among Saudi families

    Targets

    40,000

    Saudi families in need provided with housing (2021-2025)

    80

    %

    satisfaction rate of housing services provided to Saudi families

    355,000

    new real estate financing contracts by 2025

    +38,000

    direct job for Saudi citizens

    70

    %

    homeownership by 2030

    +41.8bn

    $

    contribution to GDP

    THE HOUSING PROGRAM IS TRANSFORMING SAUDI ARABIA’S HOUSING SECTOR, WORKING TO ENSURE ALL PEOPLE IN THE KINGDOM CAN ENJOY BETTER LIVES IN THEIR OWN HOMES.

    H.E. Mr. Majed Bin Abdullah AlHogail

    Chairman of the Program, Minister of Municipal, Rural Affairs, and Housing, & Member of the Council of Economic and Development Affairs

    Board Members

    Eng. Aiman Mohammed Almudaifer

    HEAD OF LOCAL REAL ESTATE INVESTMENTS IN THE PUBLIC INVESTMENT FUND

    Mr. Mansour bin Saeed Bin Madi

    CEO OF REAL ESTATE DEVELOPMENT FUND

    Mr. Ayman bin Ishaq Afghani

    DEPUTY MINISTER OF ECONOMY AND PLANNING FOR LABOUR AFFAIRS AND HUMAN CAPITAL DEVELOPMENT

    Mr. Mansour bin Mohammed Abuthnain

    EXECUTIVE VICE PRESIDENT OF THE PROJECTS SECTOR IN THE MINISTRY OF ENVIRONMENT, WATER AND AGRICULTURE

    Mr. Sami bin Ibrahim A -Hussaini

    GOVERNOR OF SMALL AND MEDIUM ENTERPRISES GENERAL AUTHORITY

    Mr. Abdulmohsen bin Fahad Alshuaibi

    DEPUTY MINISTER FOR NOTARIZATION AND PROPERTY REGISTRATION IN THE MINISTRY OF JUSTICE

    H.E. Mr. Ayman bin Mohammed Alsayari

    GOVERNOR OF THE SAUDI CENTRAL BANK

    H.E Dr. Hesham bin Abdulrahman Alfaleh

    DEPUTY MINISTER OF INTERIOR

    Mr. Maher bin Hamed Mouminah

    SECRETARY OF THE FINANCE COMMITTEE AT THE ROYAL COURT

    Mr. Hani bin Medaini Almedaini

    CEO OF THE NATIONAL DEBT MANAGEMENT CENTER

    Mr. Yaser bin Mohamed Alqhuhidan

    ASSISTANT MINISTER FOR BUDGETARY AFFAIRS IN THE MINISTRY OF FINANCE

    H.E. Mr. Abdulaziz bin Hassan Alboug

    GOVERNOR OF THE GENERAL ORGANIZATION FOR SOCIAL INSURANCE

    H.E. Eng. Abdullah Mohammed Al-Budair

    DEPUTY MINISTER OF MUNICIPAL AND RURAL AFFAIRS AND HOUSING

    H.E. Eng. Osama Bin Abdulaziz Al-Zamil

    DEPUTY MINISTER OF INDUSTRY AND MINERAL RESOURCES

    Eng. Sultan bin Jorais Aljorais

    DEPUTY MINISTER FOR SOCIAL SECURITY AND EMPOWERMENT IN THE MINISTRY OF HUMAN RESOURCES AND SOCIAL DEVELOPMENT

    Mr. Abdulrahman Nasser Al-Rashed

    DEPUTY MINISTER FOR PLANNING AND VISION REALIZATION IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY

    Gallery

    Documents

    Delivery Plan

    2021 - 2025 HP Delivery Plan

    Annual Report