King orders land and home loans for Saudis
RIYADH -- Custodian of the Two Holy Mosques King Abdullah has issued orders to grant citizens plots of land that have already been developed to build houses, and loans to construct houses on that land. The directive follows an earlier order of the King allocating SR250 billion to build 500,000 housing units for citizens without a home throughout the Kingdom.
Minister of Housing Dr. Showaish Al-Dhuwaihi said that the King's new order shows his keenness to make available adequate housing facilities for citizens.
King Abdullah ordered the Ministry of Municipal and Rural Affairs to immediately hand over all government land designed for housing purposes to the Ministry of Housing.
King Abdullah ordered the Ministry of Finance to sanction necessary funds to implement infrastructure facilities for the land handed over to the Ministry of Housing, which in turn should grant not only developed plots for construction of houses but also loans for the purpose to citizens on the basis of eligibility.
© The Saudi Gazette 2013
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