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Shoura/Consultative Council requests accelerating the loaning of housing beneficiaries in regard to the construction of half million units. Dr. Muhammad Al-Jifri is heading Monday
Shoura Council has agreed the recommendations of its financial committee related to the Real-Estate Fund Annual Report. During its 19th regular session held Yesterday (Monday) and headed by Dr. Muhammad Al-Jifri, vice chairman of the council, the council has requested the Real-Estate Development Fund to find rapid solutions for the citizens whose loans dedication has been approved but have no plots through coordination with Ministry of Housing. The Fund has called for returning to applying the investment loans program together with supporting it financially, in addition to providing the whole loan to the citizens interested in purchasing the residential apartments which area is no less than 175 cubic meters. Shoura Council has approved, too, the additional recommendation of Dr. Jabran Al-Qahtani which requests the Fund to coordinate with Ministry of Housing for setting a mechanism for accelerating the provision of loans for the citizens who deserve them under entitlement mechanism through deducting from the sum dedicated for constructing 500 thousand residential units. The council approved, as well, the additional recommendation of Dr. Tarek Fadaq which states that Real-Estate Development Fund should ask firmly the commercial banks cooperating with it to commit to the clear and transparent conditions of real-estate loans provision to the citizens.
