Saudi Arabia aims to provide 80,000 housing units in 2025

27/11/2024 Argaam
Riyadh city

Riyadh city

Saudi Arabia's 2025 budget includes, within the municipal services sector, providing 80,000 housing units across the Kingdom, in partnership with real estate developers.

 

The state budget also entails serving more than 100,000 beneficiaries of the housing subsidy program through various housing products.

 

This is besides ramping up the number of qualified contractors at the Ministry of Municipalities and Housing to reach 24,000, in addition to issuing 85% of commercial licenses within 24 hours via Balady Platform.

 

The Saudi Cabinet approved on Nov. 26 the state’s general budget for 2025, which includes SAR 1.285 trillion expenditures and SAR 1.184 trillion revenues, with an expected deficit of SAR 101 billion.

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