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RIYADH: Saudi Real Estate Development Fund and Riyadh-based mortgage lender Bidaya Home Finance have signed an agreement which aims to provide affordable housing and financing solutions to real estate finance institutions and firms. Signed by REDF CEO Mansour bin Madi and Bidaya’s acting CEO Faisal bin Abdul Rahman Al-Nasser, the agreement aims to provide short and medium-term
RIYADH: More than 20 neighborhoods in Riyadh are set to receive funds to develop infrastructure projects from a special Saudi government program. The Saudi Idle Land Program revealed that it has registered more than 16 million square meters of developed idle land in 21 residential neighborhoods in the Kingdom's capital. Since it was first launched in June 2016, the program has
RIYADH: The Saudi Real Estate Refinance Co., wholly owned by the Public Investment Fund, signed a SR500 million ($133 million) agreement with Riyad Bank to acquire a real estate financing portfolio affiliated with the lender. As the second largest real estate refinancing transaction in the Saudi banking sector, the agreement aims to achieve sustainability, provide long-term
RIYADH: Saudi Arabia’s unused land program has disbursed over SR37.8 million ($10 million) of its revenues to develop infrastructure and water services at several housing projects across the Kingdom. The revenues were spent on projects including Badr, Al-Ras, Taima, Umluj and Al-Ahsa housing, according to a statement. The housing projects are affiliated with the Ministry of