Saudi Housing Ministry signs agreements making it easier for families to own first house

Increasing the percentage of home ownership to 70 percent by 2030 is one of the goals of Saudi Vision 2030. (SPA)
Increasing the percentage of home ownership to 70 percent by 2030 is one of the goals of Saudi Vision 2030. (SPA)
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Updated 18 April 2021
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Saudi Housing Ministry signs agreements making it easier for families to own first house

Saudi Housing Ministry signs agreements making it easier for families to own first house

RIYADH: The Housing Ministry’s Sakani program signed four agreements with a number of agencies during the Sakani Forum for the first quarter of 2021, held in Riyadh.

The agreements aim to make it easier for Saudi families to own their first house, thus achieving the goals of Vision 2030 by increasing the percentage of home ownership to 70 percent by 2030.

Sakani also honored a number of partners, including financiers, developers and contractors, for their efforts during the last period and their contributions to achieving the program’s goals.

The event was attended by the Housing Minister Majid Al-Hogail.

The agreements, which will be implemented in partnership with the private sector, included providing model engineering designs for the beneficiaries of the self-construction option through the Sakani platform, in partnership with the National Housing Company.

The first agreement was with the Technical Axis Foundation for Architectural Contracting, while the second was with Ahmed bin Abdullah Al-Tuwaijri Architectural Consulting Office, the third with the Asayel Engineering Consulting Office, and the fourth with Ebdaa Group Engineering Consultants.

During the forum, the National Housing Co. and the Saudi Contractors Authority signed an agreement to prepare and license contractors to carry out building and construction works for the beneficiaries of Sakani’s self-construction option.