Majed El-Hokeel (Saudi Minister of Housing) stated that land registrations system that had the royal approval upon it, will contribute in achieving big balance in the residential market.
The speech of Custodian of the Two Holy Mosques showed the complete care of the Saudi citizen, in addition to providing all forms of support that contribute to the upgrading of the homeland in the different fields.
El-Hokeel pointed that the ministry seriously seeks to achieve what was mentioned in the speech through implementing the residential projects among the whole kingdom.
These projects include ready residential units, developed lands and projects to develop the infrastructure.
El-Hokeel assured the pursuit that the ministry exerts to provide property loans through a ready set plans and programs to support that sector.
He added that the partnership that is held with the private sector aims to provide more residential units in the property market, this partnership ensures that the ministry is supporting the property sector