RIYADH: The number of new housing units in Riyadh has increased by 37 percent during June 2022, compared to the same period last year.
This brings the total number of housing units in the city to 4,826, Saudi Press Agency reported citing a report issued by the Ministry of Municipal and Rural Affairs and Housing.
This comes as the ministry seeks to meet the increasing housing demand from Saudi families by providing more housing options and solutions through the Sakani program.
The program is run by the Ministry of Housing and the Saudi Real Estate Development Fund to allocate fully constructed and planned housing units across Saudi Arabia.
This comes in line with Saudi Vision 2030 of raising the proportion of housing ownership for Saudi families to 70 percent by 2030.
