Saudi tripartite partnership to provide housing for 10,000 needy families

Agreement signing ceremony

The Saudi Developmental Housing Program signed a tripartite agreement with Alwaleed Philanthropies and the National Developmental Housing Corporation (Sakan), to provide 10,000 housing units at a total value of more than SAR 2 billion for the neediest families.

This is the largest agreement in the developmental housing sector and comes as an extension of several previous agreements concluded with non-governmental organization (NGOs) and donor institutions, Saudi Press Agency reported.

Accordingly, the total units provided to families will reach 38,000 housing, serving more than 200,000 individuals, with a contribution from the third sector that exceeded SAR 9 billion.

Majed Al-Hogail, Ministry of Municipal and Rural Affairs and Housing, said this agreement comes within the framework of activating the housing sector’s participation in national development programs, and increasing its economic and social impact in the Kingdom.