The Undersecretary of the Ministry of Housing for Beneficiary Empowerment and Housing Support, Ayman Saleh, said that the “sakani” program in Saudi Arabia aims to raise the percentage of ownership to 70%, and it is one of the Vision 2030 programs.
Saleh added, in an interview with “Al-Arabiya” at the Future of Real Estate Forum, which is being held in the Saudi capital, Riyadh, that the program was able to serve 1.4 million families in various regions of the Kingdom, and to provide all housing solutions.
He pointed out that the “sakani” program aims to serve 120,000 families this year, through all financing solutions.
He explained that the partnership with the private sector is important, pointing out that the Real Estate Future Forum is only an affirmation of the importance of the partnership between the “sakani” program and the private sector.
He emphasized the continuity of support provided to citizens with all housing and financing solutions in the Kingdom.
He stated that the program aims to offer 50,000 housing units in 2023, focusing on the main areas that include the most places that receive housing support.
Saleh revealed that the program was able to reach the target of housing ownership to 60% by the end of 2022.
“Sakani” provides new optional support packages within its solutions and options provided to Saudi families, bringing the number of housing and financing options to 9 options, as the new packages included “the provided support package, the rental package, the furniture package, the self-construction package, and the home renovation package.”
The new packages give the beneficiary flexible and multiple solutions, by providing immediate, non-refundable support to the beneficiaries of ready-made, under-construction and self-build housing units, in partnership with the Real Estate Development Fund and financing agencies from banks, financing institutions and real estate developers.
The “sakani” website and application offers a variety of housing facilities and services, which include real estate advisory, issuance of real estate disposal tax certificates for the first home, obtaining a price quote for financing agencies, issuing land contracts electronically, and benefiting from the engineering designs service and the “approved contractor” and the financing service. Electronic and real estate market, as well as registration and immediate entitlement, and the issuance of building permits electronically.