"Sakani" signed 13 agreements to implement 6 thousand housing units in 7 regions

"Sakani" signed 13 agreements to implement 6 thousand housing units in 7 regions

"Sakani" signed 13 agreements to implement 6 thousand housing units in 7 regions

16.12.2018

In the presence of the Minister of Housing Mr. Majid bin Abdullah Al-Haqail "Sakani" program signed a number of agreements with real estate developers to implement and build 6,089 housing units, including villas, townhouses and apartments, on the sidelines of “Sakani” conference held on Saturday, and announced the conclusion of the second phase of the year 2018 by providing 300 thousand residential and financial solutions.

The signed agreements focus on targeting seven areas to establish integrated housing projects in terms of infrastructure and service facilities, the agreement was signed with Dar & Emaar Real Estate Investment and Development Company for the implementation of 116 villas in Al Gharoub and Al Khobar, and with “Saudi ACICO” for the construction of “Al Asdaf” in Khobar and “Takatof” in Makkah , the first project provides 115 units of villas, While the second project provides 250 housing units of Townhouses, Moreover, signed with "Durrat Al Madaen Development to implement "Alfalah" project in Tabuk, which includes 504 units of  Villas and Town Houses, and signed with " Sumou Investment" to develop the” plan Sevilla” in the province of “Unaziah”, which provides 52 units of Villas, in addition to an agreement with "Annan Real Estate" to implement 154 units of villas in "suburb of Tarfa" in “Buraidah”.

On the other hand, “Sakani” signed with “Laden Investments” to develop the residential complex in Riyadh, which includes 656 housing units between villas and a residential apartments, And signed with "Tiraz company" to implement 239 housing units of apartments, villas, and Townhouses in “Eskan -Al Ahsa”, “Sakani” also signed with "Hamad and Ahmad Al-Muzaini” Company to develop 990 apartments in the north of Jeddah’s airport, in addition to the agreement with Al-Hakimiya” for the implementation of 740 villas in Dammam."
The agreements included signing with “Al Safwa” Company for the implementation of three projects, two of which are in Khamis Mushait Governorate in southern  Region, which is the "Khamis Garden" project which provides 1316 apartments, And the project "Khamis Garden 2" which provides 630 apartments, as well as the project "Rehana Safwa" in Najran, which provides 327 housing units of villas, townhouse and apartments.

"Sakani" program announced on Saturday achieving the second year target of 2018 after allocating the housing and funding solutions for all the Kingdom of Saudi Arabia to more than 300 thousand options, the housing units was included within the Ministry's projects as well as the under construction units in partnership with qualified developers, free land and mortgage loans supported in partnership with banks and financial institutions to take advantage of the buying options ready from the market, Self-building for the land owners, or financing the existing mortgage loan bringing the total options injected by "Sakani" program in just two years to more than 583 thousand options, In line with the Ministry’s policy of providing diverse housing solutions in the best quality and price, noting that the objectives of the “Housing Program” are one of the Kingdom's Vision 2030 to increase housing ownership to 60% by 2020 and 70% by 2030.