Saudi Arabia’s Developmental Housing Foundation (Sakan) announced on Sunday the launch of the first phase of housing unit handovers to beneficiaries across Saudi Arabia, in implementation of directives by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
The announcement follows the Crown Prince's generous personal donation of SAR1 billion to the foundation through the Jood Eskan initiative to support homeownership for eligible families and beneficiaries, reflecting his firm commitment to ensuring a decent quality of life for citizens.
In line with his directives to complete designated housing projects within a period not exceeding 12 months, while adhering to the highest standards of quality and governance across all operational processes, Sakan has adopted an implementation plan that enables immediate handover commencement.
The plan includes six phases covering all regions of the Kingdom by selecting completed housing units developed by national developers and companies in accordance with approved technical specifications, ensuring a swift and tangible developmental impact.
Sakan will also, in coordination with the Kingdom's principalities, implement a monthly handover plan covering two regions per phase, aimed at streamlining beneficiary access and boosting the efficiency of handover operations.
