KSA's Sakani launches 115-villa under construction residential project
The project is an extension of approximately 78 under-construction projects that provide more than 131,000 housing units
The Saudi Arabia Ministry of Housing’s Sakani programme has launched the Asdaf Al-Khobar project – an under-construction residential project near the city of Khobar in partnership with the private sector.
The Asdaf Al-Khobar project is located in Al-Aziziya neighbourhood, south of Al-Khobar, near the Al-Aziziya public road that extends to the Khobar Corniche. The project is being implemented across several stages.
The project will provide 115 villa-type housing units, which aim to benefit Saudi families and citizens.
The project is an extension of approximately 78 under-construction projects that provide more than 131,000 housing units in various regions and cities of the Kingdom.
The Sakani programme’s projects also include 58 projects on which construction work continues, in addition to 42 prefabricated housing unit projects.
Saudi Arabia’s Ministry of Housing aims to increase residential ownership among its citizens to 70% by 2030. More than 57 housing projects at various stages of construction are being developed in various regions of the kingdom.
The programme provides Saudi nationals with access to residential plots, self-construction residential housing, prefabricated housing units, and under construction housing units, among other options.
The Sakani’s digital platforms provide details of the location, features, and prices of the residential units available for immediate and electronic reservation
The programme also offers Saudi citizens who own land the possibility of obtaining a 100% profit-backed real estate loan to build their own homes. It enables Saudi citizens to receive building permits within six months, start constructing within a year, and complete construction of their homes within three years.
During 2020, the Sakani programme aims to serve more than 300,000 families through various housing solutions, by enabling more than 130,000 families to move into new homes, offering Saudi families more than 90,000 plots of residential land, and constructing more than 100,000 housing units in partnership with real estate developers.