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We are in a race against time to achieve the Kingdom's vision 2030, Prince Mohammed bin Salman announces 9 Riyadh.

Q: Among the programs that were presented last Sunday the housing program and there was a reference to three solutions .. What is your vision through the program to the issue of housing? A: We are optimistic and expect the situation for us more positive than we thought, there will be hundreds of thousands of free units in the housing program, there will also be more than one million units for Saudi citizens by soft lending, the first free of charge hundreds of thousands and there is no specific number. The final figure will materialize at the time of the launch of the housing program, but there will undoubtedly be more than one million units sold by soft loans or loans from the Real Estate Development Fund, the Real Estate Development Fund will contribute to lending and also the Public Investment Fund will contribute to soft loan sale in the housing sector. Q: Will the fund return to its previous role of pumping money? A: The Real Estate Development Fund undoubtedly is a major moving element of housing sector development. We have three types of housing, hundreds of thousands for free. I cannot give you a final number and housing supported by the Real Estate Development Fund, and housing from the main investor, the government, which sells it in an easy way and at a reduced price to the citizen. This is a very long-term loan whose profit to the Fund does not exceed 3%, while the citizen can own the second day and pay for many years without affecting his main income, not to mention the free units as large as possible for citizens who cannot cover the costs of Housing Program. Q: When will you expect the launch of the project? A: It is supposed to be in six months,. I don't expect it to be the first program to be launched because it is complex and has very high spending. I expect that it will be launched in the third quarter of 2017. --More 01:01 LOCAL TIME 22:01 GMT

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Publication:Saudi Press Agency (SPA)
Date:May 3, 2017
Words:357
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