Saudi’s Sakani program to add 11,000 homes in Jeddah

19/10/2018 Argaam

 

The Saudi Ministry of Housing has signed agreements with two real-estate development companies to add more than 11,000 homes in Jeddah for the Sakani program, reported Arab News.

 

The first project, Rawabi Hijaz, is on private-sector land and will includes 9,502 units, while the second, Jeddah airport housing, is on land owned by the Ministry and will includes 2,203 units.

 

The agreements were signed in the presence of Minister of Housing Majid bin Abdullah Al-Hugail, National Housing Company CEO Mohammed bin Saleh Al-Bati, and officials from the ministry and the Real Estate Development Fund.

 

“These projects will be completed and handed over to the beneficiaries within a period not exceeding three years. These housing projects are integrated in terms of services and public facilities, which include mosques, public parks, and green areas as well as government buildings,” the Ministry said.

 

Previous agreements signed by the Ministry of Housing with a number of developers include 60 projects, providing more than 90,000 diverse homes, with prices ranging from SAR 250,000 to SAR 750,000.

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