Saudi Arabia provides $451mln housing funds

Sakani programme developed to allocate residential products for citizens across Saudi Arabia

  
Image used for illustrative purpose. A general view of Dar Al-Arkan's Al Qasr construction project in Riyadh October 25, 2009.

Image used for illustrative purpose. A general view of Dar Al-Arkan's Al Qasr construction project in Riyadh October 25, 2009.

REUTERS/Fahad Shadeed
Saudi Arabia's Real Estate Development Fund has announced the deposit of SR1.692 billion ($451 million) in the accounts of citizens benefiting from Sakani programme for the month of December 2019.
 
The fund’s spokesperson, Hamoud Al-Osaimi, pointed out that the announcement confirms its keenness on supporting Saudi citizens to own their first home, said a Saudi Press Agency report.
 
Sakani is a programme developed by the Ministry of Housing and the Real Estate Development Fund to allocate residential products for citizens across Saudi Arabia.

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