Expo 2030 Riyadh registration dossier receives final BIE approval in Paris    Ministry of Hajj suspends 7 Umrah companies over transport violations    Al-Daqal Castle: A timeless sentinel in the mountains of Abha    Saudi Arabia participates in CERF advisory group meeting in Geneva    Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally    Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration The mobile festival reinforces the company's commitment to building vibrant communities and enhancing quality of life beyond unit delivery.    Trump abruptly leaves G7 Summit as Israel-Iran conflict intensifies    Iran launches fresh missile attack on Israel as conflict enters fifth day    15 killed in worst Russian strikes on Kyiv in almost a year    Jeddah Astronomy reports solar flare triggering geomagnetic storm    California doctor to plead guilty to supplying Matthew Perry with ketamine    Culture Ministry to present second edition of 'Terhal' performance in Diriyah this August    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Riyadh residents to receive alerts on nearby infrastructure work    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudis need 3 million new homes by 2025, says ministry
Published in The Saudi Gazette on 13 - 12 - 2015


OKAZ/SAUDI GAZETTE
JEDDAH — The Housing Ministry has said the Kingdom will need of 3 million housing units by 2025 but real estate agents argue that the country's growing population, which is set to cross 37 million in 10 years, will require more housing units than what the ministry has estimated.
Hussein Al-Zahrani, director general of the ministry's office in Makkah province, reiterated the ministry's estimate of 3 million, adding that the Kingdom would require 330,000 new housing units every year. He expected a 5 million increase in the population over the next 10 years.
Speaking to Okaz/Saudi Gazette, he said the ministry has 95 projects under designing phase, 25 under awarding stage, and 67 under implementation. "This means the ministry has 187 projects with a total of 233,651 housing units."
Al-Zahrani emphasized the need to support the Real Estate Development Fund with additional funds to provide more housing loans to citizens. "This is the best solution for the housing problem."
He said the implementation of housing projects by the ministry would take time as it has to obtain suitable land and carry out projects before distributing them among deserving citizens. He criticized Saudi engineers for not playing a significant role to resolve the housing problem and said housing units constructed by local companies were of a poor quality.
The Saudi Engineering Council acknowledged the complexity of the problem. "The issue is not with engineering but with finance," said Ghazi Al-Abbasi, the council's former secretary-general. He said citizens prefer to purchase villas but would not be able to do so because of financial constraints.
Al-Abbasi called for transforming the ministry into a regulator and planner. "The mix of roles has complicated the ministry's mission," he added.
According to him, the council's role is limited to organizing the profession. "We don't provide any engineering service. The design and construction of housing units are the work of contractors," he said while praising the media for highlighting the housing issue.
He said some Western countries had removed the low-cost housing provided to the poor for social reasons and built houses for them in different locations. "Citizens prefer to have villas instead of flats and they don't like gradual ownership of houses," he said.
A former housing minister said 620,889 people deserved housing loans from a total of 960,397 applicants from different parts of the Kingdom. The applicants registered on the ministry's website within 60 days, reflecting the big demand, he added.


Clic here to read the story from its source.