Saudi housing program delivers 710 units to local families

Arab News: Saudi Arabia has delivered 710 housing units to local families at the Ishraq Living project under the government’s Sakani program that aims to boost the home ownership of its nationals.

Located north of Riyadh, Ishraq Living is one of the housing projects that has a total built-up area of 554,879 sq. m, and offers 2,229 housing units, reported Saudi Press Agency. 

This comes following a partnership with the private sector through the Shrakat program which aims to provide various housing solutions that meet the needs of citizens at subsidized competitive prices. 

The program aims to achieve the objectives of the housing program, a part of Saudi Vision 2030, to raise the percentage of home ownership to 70 percent by 2030.

Earlier this year, the Sakani program announced that it looks to enable 180,000 new families to benefit from the program’s housing options and solutions during 2022.

Arab Contribution Time: 20-Sep-2022 21:04 (GMT)
Arab Last Update Time: 20-Sep-2022 21:04 (GMT)