SPA – Compliance:
The Ministry of Housing, represented by the gayrimenkul Housing al program, signed five agreements with four companies to develop real estate to create more than 19,000 houses in each of the beneficiaries of the) housing ob program (Riyadh, Jeddah, Buraidah, Khobar) together with the announcement of the eleventh installment of beneficiaries. On Thursday.
This is an extension of previous agreements that the Ministry has signed with a number of qualified developers to build thousands of housing units in different parts of the UK. Up to now, 63 projects have been launched, starting from 250,000, with the construction of approximately 100,000 residential buildings including villas, apartments and city buildings. 750 thousand riyals, while witnessing an increasing number of rights holders.
The agreements were signed by the Housing Council member Abdullah al-Hawqail, who was a Director of the National Housing Company Mohammed bin Saleh Al-Bati and a number of civil servants from the Ministry of Housing and the Real Estate Development Fund.
Number of housing projects in the first project (Murooj Jeddah) owned by the private sector of 10 thousand houses, the second project in 1008 houses in private sector in Riyadh (Tnal), 78 houses built on the land in Al Khobar city of the private sector in 273 houses the fourth project in the private sector owned by Buraidah (Kassim's gardens) and the fifth (Pearl of Abuher) in Jeddah, 8000 private dwellings (villas and townhouses) bringing total housing units to 19359 units under construction. "Sell on the map".
The Ministry of Housing aimed to increase the competitiveness of the companies in meeting the demands of citizens to achieve satisfaction and to adapt to the local market by emphasizing the intensity of efficient cooperation with qualified real estate developers who will contribute to the support of more housing and the support of supply in the housing market.
The ministry serves to ensure that real estate developers who are signed with them will be given in favor of all the beneficiaries to be transferred to beneficiaries within a period of not more than three years from the date of the signing of the contracts and to ensure that these projects will be implemented in the service of citizens, service of citizens, price and specifications. . Among developers and beneficiaries, they emphasize that these housing projects integrate public services and public facilities, making them a model of residential complexes, including sites dedicated to mosques, parks and green spaces, and sites dedicated to state institutions.