Saudi Arabia's Sakani provides 68,200 citizen homes in 2019

13,230 Saudi Arabian families have been supported with housing options and funding just in May 2019

Saudi Arabia's Sakani programme provides citizen homes.
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Saudi Arabia's Sakani programme provides citizen homes.

Saudi Arabia’s Ministry of Housing announced that its Sakani programme had benefited 13,230 families registered with the organisation for housing options – such as prefabricated and under-construction homes, land, and mortgages – and financial support through loans during May 2019.

The number includes 5,835 families who live in self-owned homes, and with the total number of Sakani’s beneficiaries during 2019 reaching 68,195 so far in 2019 – signalling a positive trend for the months to come, and paving the way for year-on-year growth over 2018, when beneficiary numbers reached 157,000.

Ministry of Housing spokesman Saif Al-Suwailem said that Sakani would continue to serve citizens in Saudi Arabia, where home-ownership is targeted to grow to 70% by 2030, in line with the kingdom’s Vision 2030 economic diversification mandate.

He added that Sakani was working with Saudi Arabian Monetary Agency, local banks, and financial institutions to support funding requirements for potential beneficiaries.

Sakani continues to provide its services to beneficiaries according to their needs and abilities. The ministry is keen to provide better services in line with the “Eskan” program, one of the Saudi Vision 2030 initiatives that aims to raise the proportion of residential ownership to 70 percent by 2030.

The names of Sakani’s beneficiaries are available on https://sakani-names.housing.sa.

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