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6th batch of Saudi Sakani housing program launched

Saudi Arabia, June 17, 2018

The Housing Ministry and the Real Estate Development Fund (REDF) on Saturday announced the launch of the sixth batch of the Sakani (Housing) program.
The batch’s 23,769 products include housing units under development in partnership with qualified real estate developers; free land; and real estate loans supported by a partnership between the REDF and financial institutions.
The program aims to give citizens the opportunity to own properties, improve the performance of the real estate sector and increase its production.
REDF spokesman Hamoud Al-Osaimi said the fund, in partnership with financial institutions, continues to provide services to beneficiaries whose names were announced during recent batches of Sakani.
Thousands of citizens have completed their applications and been approved for mortgage loans, he added, stressing the fund’s aim to help citizens get housing that suits them.
The ministry and the fund urged citizens to visit the portal for a list of people allocated housing this month, and to visit the portal and the REDF portal to complete the necessary procedures, update data and approve products.