Seven projects in Jeddah providing 43 thousand different housing units.
Minister of Housing visits a number of housing projects in Jeddah and stresses the speed of delivery to serve the citizens.
The Minister of Housing, Majed bin Abdullah Al-Hogail, checked a number of "sakani" program projects for housing units under construction in partnership with real estate developers in Jeddah, during which he observes the workflow and been briefed in details of the projects and the percentage of completion.
During his tour, he met with the developers and the implementing contractors, stressing the importance of working on handing over these projects and meeting the timetable set for them in order to ensure delivery to the beneficiary citizens during the coming period in the framework of providing adequate housing for citizens. Raising their homeownership to 60% by 2020 and 70% by 2030 as part of the "eskan" program's goals.
The Minister of Housing stressed that these projects and other projects that have been implemented in various regions of the Kingdom emphasize the importance of providing a high-quality housing options at an affordable price that meets the needs of registered citizens in the Ministry of Housing's list. Although the prices ranging between SR 250 to SR 750 thousand.
His tour began with a visit to the" telalalgoroob" project implemented by Sani Amariya Company, in the Prince Fawaz neighborhood in the southern part of Jeddah city near Jeddah-Mecca road on a total area of 753.834 m 2. The project provides 6.512 apartments starting from SR.262 thousand, in installments starting from 875 riyals per month. The project includes a number of sites dedicated to service facilities including educational, health, commercial and entertainment services. It will be an integrated residential project that provides its residents with everything they need. It is characterized by the integration of infrastructure of roads, water, Drainage system and public utilities.
He continued his tour of the project «Aeali Jeddah», implemented by Dar Al Bayan, located in the Prince Fawaz neighborhood south of Jeddah, on an area of more than 880 thousand square meters, and provides about 10 thousand apartmenst, starting at 243 thousand riyals, with installment starting from 810 riyals per month. The project includes a number of mosques, schools, kindergartens, parks, playgrounds, shopping centers and public facilities. The project provides the necessary infrastructure of road, water, electricity, communications, sewerage, drainage systems and public utilities.
After that, he visited the "Ruba Jeddah" project, which was initiated by the McKayon Company, where he met with the supervisors and briefed him on the basic maps of the project covering an area of 95.553 m 2 in the Prince Fawaz neighborhood south of Jeddah, and provides more than 1300 apartments, with prices starting from 294 thousand riyals, in installments starting from 981 riyals per month. It contains educational schools, mosques, parks, playgrounds for children, commercial facilities and health center, with integrated infrastructure of road, water, electricity, communications, sewerage, drainage system and public utilities.
He also visited the projects located north of Jeddah, where he visited the «Finnan» project launched by the Ministry, recently, the executing company started to receive booking requests form beneficiary. He also visited the marketing tent (custom canopy tent) and saw the equipment allocated to the project located north of Jeddah next to King Abdullah Sports City and close to Madina Al Munawwarah Road with an area of more than 171,000 square meters. Which will provide 1407 housing units of the type of apartment, and is characterized by the diversity of designs and models provided by the project where the housing units reach 245 square meters, with prices starting at 320 thousand riyals, and in monthly installments backed by profits starting from 1069 riyals, the project includes integrated service facilities Public gardens and mosques, as well as school sites.
He also visited the "Al Jawhara Residence" project in the north of Jeddah city, which is characterized by the quality of design and strategy of the site near King Abdullah Sports City and on an area of more than 98 thousand square meters. The project offers 990 units of apartments type. The project presents two models of the residential designs. The project is also characterized by the integration of infrastructure, the provision of services from mosques and grand mosques, in addition to the designation of sites for schools, kindergartens and health centers. The project also includes areas for green area, parks and children's playgrounds and commercial centers.
Jeddah is bearing a strong testimony on the launch and implementation of about 7 different housing projects to meet the needs of citizens, providing about 43,366 housing units with a total area of more than 3.5 million square meters, while "sakani" program continues to build and implement 45 new housing projects in 16 cities in various parts of the Kingdom to provide various housing options with prices ranging from 250 to 750 thousand riyals, In addition to finding partnerships with real estate developers, the Saudi Arabian Monetary Agency and banks to facilitate citizens' access to appropriate mortgage finance. The governments guarantee the interest on the value of the home finance with up to 100% support for those with less than 14,000 riyals salaries. REDF supports you with 5% down payment for the "sakani" beneficiaries, with the possibility of installment in the housing projects under construction.,