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King Salman Encourages the Private Sector to Partner with the Government - ASHARQ AL-AWSAT English Archive
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Riyadh- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz, on Tuesday, confirmed that adequately housing citizens of Saudi Arabia is a priority to his Highness.

King Salman underscored Saudi Arabia’s consistent progress towards development, construction and accomplishing a balanced and comprehensive development which reaches out all the Kingdom’s expanses.

The Custodian of the Two Holy Mosques said it was imperative that the ministry realizes projects because it would ensure “comprehensive and balanced development” across all regions of the Kingdom.

King Salman said the ministry has made significant headway in achieving these goals with its plans, and by drawing in various investors crucial to the process.

Minister of Housing Majed bin Abdullah Al-Huqail, in his speech, said that the ministry considers the sector as one of the most important in the country, and that it has been working with the private sector to build high quality and affordable houses for citizens.

He said several agreements have been signed with qualified real estate development companies inside the Kingdom and abroad to build 180,000 residential units across the country.

The Kingdom’s official media outlet (SPA) published the following speech delivered by The Custodian of the Two Holy Mosques:

“In the Name of Allah, The Most Merciful, The Most Compassionate,
Praise be to Allah and prayer and peace be upon the Messenger of Allah Prophet Muhammad, his family, companions and followers … Princes, Ministers and Scholars,

Dear brothers, the attendance,

Allah’s peace, mercy and blessings be upon you.

I am pleased to meet this blessed gathering, welcoming you, the Minister of Housing and the employees of the Ministry and the Real Estate Development Fund and all interested in the housing sector in the Kingdom from the public and private sectors.

Brothers,

Praise be to Allah Almighty, your state is on the paces of growth and development firmly adhering and maintaining its pure religion and will continue building and completing this march by continuous endeavors toward the comprehensive and balanced development across all regions of the Kingdom.

The provision of suitable housing for citizens and ways for a decent life are of our priorities and my personal attention, and what has been recently issued of regulations and decisions come in this direction, as everyone is aware of what the state accords of care and attention to this sector and its allocation of huge budgets for it.

Dear brothers:

The state has encouraged investment in this area and enhanced the role of the private sector to be a partner complement to the government’s efforts in achieving this objective, and it has also sought to find a balance between supply and demand and stimulate land owners to develop and invest in them so as to contribute to bridging the growing need for housing.

In this regard, I would like to praise all efforts being exerted by the brothers in the Ministry of Housing, stressing the importance of the Ministry’s continuation and its participating sectors to seek to achieve the drawn objectives and plans for the provision of suitable housing for our citizens, wishing you all success.

Allah’s peace, mercy and blessings be upon you.”

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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