Saudi Arabia has issued a total of 3,181 new contracts for residential plots in December 2020 under its Sakani Housing project, Zawya reports.
These plots, measuring 450 to 527 sqm, are located in the capital Riyadh, Makkah, Qassim, Asir, Jazan, Najran regions, and the eastern province region of the kingdom, according to a statement from Sakani.
All Contracts are in line with the ministry’s aim to provide homeownership to 70% of the Saudi families by 2030, it stated.
On the plot locations, Sakani said the lion’s share of these plots are in Makkah totaling 719 followed by 638 in the Riyadh region, 464 in Al Qassim, 268 in Jizan, and 225 in the eastern region.
In addition, 184 plots are located in the Madinah region, 172 in Asir, 156 in Tabuk, 138 in Hail, 136 in Najran, 36 in Al Jouf, 25 in Al Baha region, and 20 in the northern border, it added. “These beneficiaries are being given the option to purchase housing units within the Ministry’s projects, or to purchase housing units developed under public-private partnership (PPP),” said a Sakani spokesman.
“Also, they have the option to buy ready-made housing units from the market or obtain a subsidized mortgage 100% profits for those who own land to build their homes on their own,” he stated.