Saudi Arabia disburses over 3,100 residential plots in December 2020
Sakani programme has benefitted more than one million families since its launch in 2017
3,181 contracts for residential plots were issued in December 2020 by Saudi authorities under the Sakani Housing programme. The plots measured between 450 to 527sqm and are spread across Riyadh, Makkah, Qassim, Asir, Jazan, Najran and the Eastern Province region of the Kingdom.
According to a statement from Sakani, the disbursement of plot contracts aligns with the ministry’s goal to provide home ownership to 70% of the Saudi families by 2030.
“These beneficiaries are being given the option to purchase housing units within the ministry’s projects or to purchase housing units developed under a public private partnership (PPP) programme. Also, they have the option to buy ready-made housing units from the market or obtain a subsidised mortgage 100% profits for those who own land to build their homes on their own,” a Sakani spokesperson explained.
Sakani said the majority of the plots are in Makkah (719 in total) followed by 638 in the Riyadh region, 464 in Al Qassim, 268 in Jizan and 225 in the eastern region. 184 plots are also located in the Madinah region, 172 in Asir, 156 in Tabuk, 138 in Hail, 136 in Najran, 36 in Al Jouf, 25 in Al Baha region and 20 in the northern border.
“Since its launch in 2017, the total beneficiaries of Sakani has surged to more than a million families from all housing options and financing solutions,” the spokesperson said.
