Middle East

image_pdfimage_print

Saudi Arabia aims to provide affordable housing

23 December 2016

RIYADH: The Fourth Arab Housing Conference in Riyadh on Wednesday tackled several important issues facing the housing and construction sector, with experts discussing the latest developments, available opportunities and studies related to the industry.

Organized by the Ministry of Housing in partnership with the Arab League Council of Housing Ministers, the conference features international experts in housing, urban development and real estate development from several public and private institutions are participating in the conference, which opened Tuesday.

Speaking at the forum, Housing Minister Majid Al-Hogail said that housing is one of the most urgent issues of concern to citizens of the Arab homeland. The minister said the Kingdom attaches great importance to the issue of housing and cited Saudi Vision 2030, which stresses the importance of raising the housing ownership ratio of citizens.

The ministry recently said that it aims to provide housing support for all citizens, including widows, divorcees, orphans and people with limited and low income, and is working on a number of programs and initiatives such as the Easy Housing program in a manner that conforms to Vision 2030, which stresses the importance of “a roof for all,” recognizing each family’s aspiration to own a home, and raising ownership rates to enable citizens to get suitable housing at reasonable prices.

Advertisement

The minister further noted that the Kingdom has provided full support to the sector by entering into a number of agreements with domestic, Arab and international companies known for their competence and experience.

Experts presented their ideas about the role of government institutions and bodies in the partnerships between the private and public sectors, and the role of the private sector in achieving national housing strategies, as the conference aims to present the latest patterns of effective cooperation between the private and public sectors at the organizational, financial and legal levels.

The previous three editions of the conference were held in Egypt, Jordan and Iraq.

© Arab News 2016

© Copyright Zawya. All Rights Reserved.