Saudi Sakani Delivers Homes to Over 130,000 Families in 9 Months

Saudi Arabia continues to increase the homeownership rate through Sakani (Asharq Al-Awsat)
Saudi Arabia continues to increase the homeownership rate through Sakani (Asharq Al-Awsat)
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Saudi Sakani Delivers Homes to Over 130,000 Families in 9 Months

Saudi Arabia continues to increase the homeownership rate through Sakani (Asharq Al-Awsat)
Saudi Arabia continues to increase the homeownership rate through Sakani (Asharq Al-Awsat)

Sakani, a Saudi program concerned with housing, has said that 130,400 Saudi families owned their first homes during the first nine months of 2022.

Sakani indicated that it comes within the framework of the program's endeavor to support beneficiaries to achieve the objectives of the housing program and increase the percentage of home ownership to 70 percent by 2030.

It explained that 12.1 thousand families benefited from the options and solutions it provided last September, while 12.9 thousand families received their first home in the same month.

Sakani offers nine new optional support programs within its solutions to Saudi families. The new packages included: the provided support package, the rental package, the furniture package, the self-construction package, and the housing renewal package.

The packages provide the beneficiary multiple flexible solutions by delivering immediate, non-refundable support to beneficiaries of ready-made, under-construction, and self-construction housing units in partnership with The Real Estate Development Fund and financing agencies and real estate developers.

The agency's website and application provide residential facilities and services, which include the real estate advisor, issuance of real estate tax certificates for the first house, obtaining a quotation from financing agencies, issuing e-land contracts, benefiting from the engineering designs service, the e-financing service, and the real estate market.

Meanwhile, the Saudi Ministry of Interior announced that digital transformation directly impacted various aspects and saved over $4.5 billion annually.

The Ministry announced that it succeeded in curbing forgery and manipulations, saving time and effort for beneficiaries on a social level.

The statement noted that, environmentally, 35,000 trees were preserved with 559 million leaves. Carbon emissions were also reduced by 500 million kilograms between 2018 and 2020, and more than 5.1 trillion gallons of water were saved during the same period.

The Ministry also presented many technical and digital achievements during the GITEX Technology Week 2022 in Dubai, which contributed to raising the quality of life for citizens, residents, and visitors to the Kingdom.



Turkish Manufacturing Sector Nears Stabilization in December

01 January 2025, Türkiye, Nisantasi: People celebrate the new year in Istanbul's prestigious district of Sisli, Nisantasi. Photo: Tolga Ildun/ZUMA Press Wire/dpa
01 January 2025, Türkiye, Nisantasi: People celebrate the new year in Istanbul's prestigious district of Sisli, Nisantasi. Photo: Tolga Ildun/ZUMA Press Wire/dpa
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Turkish Manufacturing Sector Nears Stabilization in December

01 January 2025, Türkiye, Nisantasi: People celebrate the new year in Istanbul's prestigious district of Sisli, Nisantasi. Photo: Tolga Ildun/ZUMA Press Wire/dpa
01 January 2025, Türkiye, Nisantasi: People celebrate the new year in Istanbul's prestigious district of Sisli, Nisantasi. Photo: Tolga Ildun/ZUMA Press Wire/dpa

Türkiye’s manufacturing sector contracted at the slowest rate in eight months in December, a business survey showed on Thursday, in a sign that the sector is nearing stabilization.

The Purchasing Managers' Index (PMI) rose to 49.1 last month from 48.3 in November, moving nearer to the 50 threshold denoting growth, according to the survey by the Istanbul Chamber of Industry and S&P Global.

“December PMI data provided plenty of hope for the sector in 2025. While business conditions continued to moderate, the latest slowdown was only marginal as signs of improvement were seen in a range of variables across the survey,” said Andrew Harker, Economics Director at S&P Global Market Intelligence, according to Reuters.

The survey highlighted a softer moderation in production, which declined at the slowest pace in nine months, suggesting some improvement in demand.

The rate of slowdown in new orders and purchasing eased, although demand remained subdued.

“If this momentum can be built on at the start of 2025, we could see the sector return to growth. The prospects for the sector should be helped by a much more benign inflationary environment than has been the case in recent years,” Harker said.

Despite the positive signs, employment in the manufacturing sector saw a renewed decline, reversing a rise in November, the survey showed.

Input costs increased sharply due to higher raw material prices, but the rate of output price inflation slowed to its weakest in over five years as some firms offered discounts to boost sales.