Saudi Arabia's Wafi program licensed 106 projects in 2018, the program’s data showed.

 

A total of 24 projects are completed, 37 projects are ongoing, 42 projects are in the pipeline and there are three stalled projects.

 

WAFI Projects

Project status

Number of projects

Percentage of total

Complete (guarantee stage)

4

4%

Finalized

20

19%

Under implementation

37

35%

Haven’t started yet

42

40%

Temporarily halted

3

3%

Cancelled

--

--

Total

106

100 %

 

Riyadh accounted for 33 of these projects, while Jeddah and Dammam claimed 24 and 11 respectively.

 

WAFI Projects by City

City

Number of projects

Riyadh

33

Jeddah

24

Dammam

11

Makkah

9

Medina

5

Taif

4

Tabuk

3

Qatif

3

Al Khobar

3

Al Kharj

2

Jazan

2

Al Ahsa

2

Khamis Mushait

2

Abha

1

Yanbu

1

Rabigh

1

Total

106

 

In April, Wafi program issued eight licenses to sell and promote off-plan units, in addition to 12 licenses to market projects in and outside the Kingdom, Argaam reported.

 

Wafi is an electronic platform launched by the housing ministry.

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