Arab News, Sunday, Apr 18, 2021 | Ramadan 6, 1442
Saudi Housing Ministry signs agreements making it easier for families to own first house
Saudi Arabia:
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.