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KSA issues over 3000 new residential plots in December

Article-KSA issues over 3000 new residential plots in December

Saudi Arabia has issued a total of 3,181 new contracts for residential plots in December under its aim to provide home ownership to 70% of families by 2030

Located in the capital Riyadh, Makkah, Qassim, Asir, Jazan, Najran regions and the Eastern Province region of Saudi Arabia, these contracts are in line with the ministry's aim to provide home ownership to 70% of the Saudi families by 2030.

Makkah has the lion share with 719 plots followed by 638 in Riyadh region.

“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) programme,” 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.

Photo Credit: Stijn te Strake on Unsplash

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