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.



Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
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Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

Türkiye is facing genuine disinflation prospects, its deputy central bank governor said on Wednesday, adding that it was replenishing reserves following the hit to them in the wake of recent political turmoil.

"For the first time, I believe we are facing genuine disinflation prospects in the true sense of the world," Central Bank Deputy Governor Osman Cevdet Akcay said during a panel discussion at the European Bank for Reconstruction and Development annual meeting in London.

"So, we might see a break in inflation numbers suddenly to be sustained."

He added the central bank was rebuilding the country's reserves "slowly but surely."