Arab News, Sunday, Oct 17, 2021 | Rabi Al-Awwal 11, 1443
Sakani pays taxes on behalf of first-time homebuyers, issues 558,367 certificates
Saudi Arabia:
Saudi Arabia’s Housing
Ministry’s Sakani program paid real estate tax on behalf of first-time
homebuyers and issued 558,367 certificates among beneficiaries since the
beginning of the program until September 2021, the Saudi Press Agency reported
on Saturday citing the program’s monthly report.
The report showed a surge in the number of
beneficiaries from the Sakani program’s housing and financial solutions during
the current year. A total of 160,304 Saudi families benefited from the
ministry’s program until the end of September.
The report also gave details about the number of
projects being carried out in partnership with real estate developers in
different parts of the Kingdom.
The Ministry of Housing and the Real Estate
Development Fund formed Sakani in 2017 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 percent home ownership by 2030.
The program also launched new e-services to serve
people effectively.
The app, which allows users to access four new
services, can be downloaded at: qrco.de/bc5N3L.
The services include electronic financing,
ready-made units, approved contractor, and interactive maps.
The services had been added to ensure Sakani
becomes “the go-to destination for housing services and solutions, in order to
make it easier for Saudi families to own their first home.”