Real Estate Development Fund deposits SAR1,692mn in the accounts of “Sakani” beneficiaries
%%description%% Real Estate Development Fund has announced the deposit of SAR1,692mn in the accounts of citizens benefiting from (Sakani) program for the month of December 2019.
Saudi Housing Ministry targets increasing rate of property ownership among Saudis
Key Takeaways
AIReal Estate Development Fund has announced the deposit of SAR1,692mn in the accounts of citizens benefiting from (Sakani) program for the month of December 2019.
The Fund's spokesperson, Hamoud Al-Osaimi, also pointed out that the Fund's announcement of depositing the monthly funding for beneficiaries confirms its keenness on supporting Saudi citizens to own their first home.
Besides, Saudi Arabia undertakes momentous social reforms in conjunction with Vision 2030.
One of them is the ongoing large-scale project; Sakani program. It comes under the Kingdom's Building Technology Stimulus Program.
The Saudi ministry of housing also supervises Sakani's promising projects.
It constitutes an essential part of Saudi Arabia's reforms.