عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Over 49,000 Loans Via Sakani in Six Months

Real Estate Development Fund (REDF)
Real Estate Development Fund (REDF)
TT
20
TT

Over 49,000 Loans Via Sakani in Six Months

Real Estate Development Fund (REDF)
Real Estate Development Fund (REDF)

The Saudi Real Estate Development Fund (REDF) revealed that the total number of mortgage loans announced by Sakani Program during the past six months reached 49,800 backed by the fund in partnership with banks and financial institutions. These loans represent 39 percent of total housing and funding options announced by Sakani program on a monthly basis – in addition to loans, they include prefabricated units, under construction units and free lands.

REDF added that this number of mortgage loans is half Sakani's target in its second phase of 2018 -- the target total of loans until December is 100,000 for those on the waiting list at Real Estate Development Fund. It added that during the past year it announced 85,000 mortgage loans distributed around the kingdom.

Within the program, Riyadh has the greatest percentage of mortgage loans, reaching around 28 percent, followed by Makkah, with 16 percent. The remaining percentage was distributed over the other regions.

REDF spokesman Hamoud Al-Osaimi said the fund, in partnership with financial institutions, continues to provide services to beneficiaries whose names were announced during recent batches of Sakani.

Thousands of citizens have completed their applications and been approved for mortgage loans, he added, stressing the fund’s aim to help citizens get housing that suits them.

The ministry and the fund urged citizens to visit the sakani.housing.sa portal for a list of people allocated housing this month, and to visit the portal eskan.gov.sa and the REDF portal redf.gov.sa to complete the necessary procedures, update data and approve products.

Most Viewed

 
Business

Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
TT
20
TT

Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday with the participation of top scientists, experts, decision-makers from around the world.

Saudi Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with the participation of World Water Council President Loïc Fauchon, inaugurated the official logo of the World Water Forum 2027.

In his remarks, Alfadley emphasized Saudi Arabia’s call for strengthened international cooperation and joint efforts among countries and organizations to tackle global water challenges. He underscored the importance of ensuring universal access to water and sanitation services as a key pillar in achieving Sustainable Development Goal 6 (SDG 6).

“Saudi Arabia prioritizes the water sector through various measures, including the adoption of a national strategy encompassing water production, storage, transportation, distribution, treatment, and reuse, all within a comprehensive institutional framework,” Alfadley added.

He further stated that the Kingdom has implemented Integrated Water Resources Management and enhanced supply chain governance. This is supported by the release of a long-term supply and demand plan that extends to 2050, alongside a commitment to environmental, social, and economic considerations in alignment with Saudi Vision 2030.

Highlighting the Kingdom's leading role in supporting regional and international water issues, Alfadley pointed to the launching of the Global Water Organization, aimed at fostering international collaboration, and the establishment of an International Water Research Center focused on water economics, water security, advanced technologies, and digital transformation.

Fauchon said the council, in collaboration with Saudi authorities, has developed a comprehensive framework outlining the thematic, regional, and political components that will shape the roadmap for the 11th edition of the forum that is being held in the Middle East for the first time.

He stressed the need to make water a top global priority, adding that this gathering will lay the foundation for future water policies. “The way ahead is still long, but we are confident we’re on the right path toward real solutions—solutions that can change lives,” he said.

Deputy Minister for Water at the Ministry of Environment, Water, and Agriculture Dr. Abdulaziz Alshaibani underscored the urgency of the current moment, describing the preparatory meeting as a call for serious and immediate action. Alshaibani emphasized the need to build upon existing progress in the water sector and to move decisively towards solidifying priorities.

He stressed the importance of greater coherence and integration across all sectors, along with the unification of all efforts, to achieve tangible solutions to global water challenges and to meet SDG 6. Alshaibani further noted that effective solutions must be anchored in several key pillars, including financing, innovation, diplomacy, and environmental considerations.

The World Water Forum 2027, organized by the World Water Council in Saudi Arabia, is a significant international platform for exchanging ideas and experiences in water management.