Saudi Arabia provides $451mln housing funds
Sakani programme developed to allocate residential products for citizens across Saudi Arabia
TradeArabia - 07-Jan-2020
Real Estate Development Fund
Also known as: REDF Last updated on: 24 August 2018
fast facts
Business SummaryProvides funding and financing services for real estate housing projects and cooperates with governmental institutions to support and increase real estate and housing financing and facilities, all in order to develop the real estate sector and the country's economy.Country of IncorporationSaudi ArabiaOwnership TypeGovernmentEstablished In1974Primary SectorFinancial ServicesNumber of Employees-Latest News
funds
Saudi government to bear VAT cost for former home-owners
Initially, exemption was only for first-time home owners
ZAWYA - 22-Jul-2019Saudi REDF secures $149mln to ‘Sakani’ programme beneficiaries in June
Around $41mln were deposited for the support of the profits of subsidised mortgage contracts
Mubasher - 03-Jul-20192nd Annual Saudi Housing Finance Conference Explores the Role of FinTech
Critical contribution to protecting mortgage beneficiaries' data
Press Release - 09-Mar-2019REDF: 258% Growth in Mortgage Financing for January
"We've significantly improved our service to citizens by building our real estate finance system - but we've only just started," says Saudi Housing Minister.
Press Release - 08-Mar-2019Contact details
Primary address
Real Estate Development Fund BuildingKing Abdulaziz Street
Al Wazarat Area
5591
Saudi Arabia
Riyadh
11433
Region
RiyadhCONTACT
- Tel: +966 11-479-2222
- Fax: +966 11-479-0148
- Email: admin@redf.gov.sa
Related links
portal.redf.gov.saFind Out More Information
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