AI Summary
Saudi Arabia's Wafi program licensed 106 projects in 2018, the program’s data showed.
A total of 24 projects are completed, 37 projects are ongoing, 42 projects are in the pipeline and there are three stalled projects.
|
WAFI Projects |
||
|
Project status |
Number of projects |
Percentage of total |
|
Complete (guarantee stage) |
4 |
4% |
|
Finalized |
20 |
19% |
|
Under implementation |
37 |
35% |
|
Haven’t started yet |
42 |
40% |
|
Temporarily halted |
3 |
3% |
|
Cancelled |
-- |
-- |
|
Total |
106 |
100 % |
Riyadh accounted for 33 of these projects, while Jeddah and Dammam claimed 24 and 11 respectively.
|
WAFI Projects by City |
|
|
City |
Number of projects |
|
Riyadh |
33 |
|
Jeddah |
24 |
|
Dammam |
11 |
|
Makkah |
9 |
|
Medina |
5 |
|
Taif |
4 |
|
Tabuk |
3 |
|
Qatif |
3 |
|
Al Khobar |
3 |
|
Al Kharj |
2 |
|
Jazan |
2 |
|
Al Ahsa |
2 |
|
Khamis Mushait |
2 |
|
Abha |
1 |
|
Yanbu |
1 |
|
Rabigh |
1 |
|
Total |
106 |
In April, Wafi program issued eight licenses to sell and promote off-plan units, in addition to 12 licenses to market projects in and outside the Kingdom, Argaam reported.
Wafi is an electronic platform launched by the housing ministry.
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