RIYADH: A total of 89,493 families benefited from the various housing solutions offered by the Saudi Housing Ministry’s Sakani program since the beginning of 2021 until April 30, the Saudi Press Agency reported. A total of 66,651 families have already moved into their new homes, according to official data. The Ministry of Housing and the Real Estate Development Fund formed
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RIYADH: Saudi Arabia’s Sakani program helped 70,000 families in the first quarter of 2021, surpassing its target of serving 51,000 families. Sakani was formed in 2017 by the Ministry of Housing and the Real Estate Development Fund with the aim of facilitating home ownership in the Kingdom through the creation of new housing stock, allocating plots and homes to nationals and financing their purchase. It has a goal of reaching 70% home ownership by 2030. Sakani revealed the data at an event in Riyadh on Thursday where it announced the launch of an online home finance app, SPA reported. The program aims to serve 220,000 Saudi families this year, through the creation of 50,000 housing units, facilitating the reservation of 30,000 residential land plots and arranging 140,000 real estate loans, said CEO Marwan Zawawi.