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King orders land and home loans for Saudis

Posted on 18 April 2013

Custodian of the Two Holy Mosques King Abdullah has issued orders to grant citizens plots of land that have already been developed to build houses, and loans to construct houses on that land. The directive follows an earlier order of the King allocating SR250 billion to build 500,000 housing units for citizens without a home throughout the Kingdom.
Minister of Housing Dr. Showaish Al-Dhuwaihi said that the King’s new order shows his keenness to make available adequate housing facilities for citizens. King Abdullah ordered the Ministry of Municipal and Rural Affairs to immediately hand over all government land designed for housing purposes to the Ministry of Housing…………………………………..Full Article: Source


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