Saudi plans low-income homes

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi Arabia is set to build 35,000 low-income housing units over the next two years, according to the country’s deputy minister of economy and planning.

Ahmed ibn Ibrahim Al-Hakami told Arab News more than one million homes were needed. The new units are to be built by the Social Affairs Ministry and charities.

According to Al-Hakami, King Abdullah has allocated SR10 billion from budget surplus to build 66,000 low-cost homes over four years.

The King has donated five million square metres of land in Madinah worth SR 2 billion for a project by the King Abdulla Charitable Housing Foundation to build 13,000 units to house 50,000 people.

Social affairs minister Abdul Mohsen Al-Akkas said houses would be distributed free to those most in need, with maintenance carried out by the ministry.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearingTerms and conditions

Further reading

Features & Analysis
'Cruise with Nakheel' is offering an inside glimps of ongoing construction on Palm Jumeirah

Palm Jumeirah: Frond N project

New $80m project keeps development moving on Nakheel's iconic...

4

Real estate in Ras Al Khaimah

The $1.9bn Al Hamra Village is at the front line of Ras Al Khaimah...

4
organ Stanley, dubbed 2012 'The Year of the Landlord'

Rise in rental demand lifts US housing sector

With unemployment and home foreclosures rising, many Americans...

Most Discussed