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Housing Program

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PROGRAM DESCRIPTION

The Housing Vision Realization Program aims to provide housing solutions that enable Saudi Families to own, and benefit from owning, suitable houses based on their personal requirements and financial capabilities, and improve housing conditions for current and future generations through the provision of suitable and guaranteed financing solutions; adjacent to increasing the supply of housing units at reasonable prices within a fast time frame; implementing programs specialized in securing housing for the underprivileged segment of the society; developing and improving the legislative and operating environment for the housing sector, and maximizing the sector's impact on the overall economy; enhancing its attractiveness to the private sector and developing the local content, leading to job creation and further strengthening of the Kingdom's economy.



Program delivery book to follow

OBJECTIVES


Enable suitable home ownership among Saudi families


2020 COMMITMENTS

  • Benefit from the potential mortgage opportunities by raising the total mortgage loans to 502 Billion Saudi Riyals
  • Reduce the ratio between the average unit price and average annual per capita income to 5 times 
  • Contribute to raising the local content to 63%
  • Increase the percentage of home ownership among Saudi citizens to 60%