Saudi Arabia to build more than 19,000 new homes

20 November 2018

Saudi Arabia has announced a large housing development programme, which will see the construction of more than 19,000 residential units. The units will be built in key areas within the Kingdom for beneficiaries of the Sakani scheme.

Under the programme, a total of 19,359 housing units will be built across Riyadh, Jeddah, Buraidah and Al Khobar. Murooj Jeddah is expected to include 10,000 housing units, Luluat Al Bahar in Jeddah will have 8,000, Tanal in Riyadh around 1,008, Areen in Al Khobar 273, while Basateen Al Qassim in Buraidah will feature around 78 housing units.

According to a report by Arab News, the Housing Ministry, which is represented by the Sakani programme, has already signed five agreements with four real estate development firms for the development of villas and townhouses.

The signing ceremony was held in the presence of the Housing Minister Majed bin Abdullah Al Hogail and other senior government officials, including those from the ministry and Real Estate Development Fund besides the CEO of the National Housing Company.

According to the report, the projects will include sites for mosques, parks and government agencies.

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