Saudi Arabia Boosts Home Ownership with New Real Estate Directives: Al-Jadaan
The review analyzed Riyadh's land prices and rental pressures, proposing regulatory solutions for market stability. Key measures lift land transaction restrictions in northern Riyadh's targeted zones.
Al-Jadaan told Alekhbariyah the directives align with Crown Prince Mohammed bin Salman's goal to raise homeownership to 70% by 2030. He emphasized the policies will curb real estate price volatility and inflation while enhancing economic stability. Affordable Housing Initiatives
The plan permits land sales, subdivisions, and building permits across two northern Riyadh zones spanning 33.2 sq. km. Combined with prior releases, 81.48 sq. km is now available for development.
Furthermore, Al-Jadaan expects eased price pressures as developers expand projects in response to increased land access. The RCRC will annually release 10,000–40,000 residential plots priced at SR1,500 per sq. meter for eligible citizens.
Plots face 10-year resale and rental restrictions unless used for construction financing. Unused land reverts to the government after a decade, with buyers reimbursed.
Al-Jadaan highlighted improved financing access for residential and commercial real estate purchases. Reforms include revised white land fees to incentivize development within 60 days. New landlord-tenant regulations will launch within 90 days to ensure market balance. Authorities will track price trends and assess policy effectiveness through periodic reports.
Al-Jadaan affirmed the Kingdom's capacity to stabilize real estate via institutional frameworks. 'These changes reflect Saudi Arabia's proactive approach to economic growth,' he concluded.
Short link :
Post Views: 2
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
10 hours ago
- Saudi Gazette
Saudi researcher challenges idealized view of democracy, highlights monarchy's strengths through Swiss model
LONDON — Saudi researcher Abdulaziz Al-Adham Al-Quaishish has presented an academic study that questions the conventional portrayal of democracy as the 'ideal' system of governance, using Switzerland as a case study. His work deconstructs the mechanisms of direct democracy, emphasizing its inclusivity and citizen participation while also highlighting the structural complexities and sluggish decision-making it often entails. The study, inspired by Al-Quaishish's master's thesis comparing democratic and monarchical systems, reflects on the Swiss model and its relevance—or lack thereof—to other nations. He argues that democracy is not a universal formula but a context-driven experience, molded by a country's history, society, and cultural fabric. Al-Quaishish concludes that monarchy offers a more stable formula for national cohesion, especially in countries seeking long-term development and unity. He cites the Kingdom of Saudi Arabia as a modern-day example of a successful monarchy that has achieved political stability and comprehensive points to the Kingdom's ability to balance tradition and progress through consistent leadership, arguing that the monarchy's continuity surpasses the instability that can stem from party politics and electoral cycles in exploring historical and philosophical dimensions, Al-Quaishish references the enduring relevance of Niccolò Machiavelli's thought. He invokes one of Machiavelli's most noted principles: "If you want to establish a new system, sever all ties with the old one," suggesting that Saudi Arabia's transformation under Vision 2030 exemplifies this philosophy in a mature and ethical way—building on heritage while moving also highlights a lesser-cited, humanistic side of Machiavelli: 'The man who makes a sorrowful woman smile has done a great thing,' linking this idea to leadership that combines strength with argues that true leadership requires both firmness and compassion—a principle he sees embodied in the Saudi monarchy's believes that Machiavellian realism remains relevant in a time of rapid global warns that democracy, while idealized, can in certain contexts hinder national stability. Conversely, he positions monarchy—especially the Saudi model—as uniquely capable of balancing legitimacy with consistent governance and adaptability.
Arab News
13 hours ago
- Arab News
PIF launches ‘azm' program to equip Saudis for labor market needs
JEDDAH: Saudi Arabia's Public Investment Fund launched a strategic program designed to build skills, address labor market needs, and support economic diversification to boost national talent. The 'azm' workforce development program was unveiled at a signing ceremony attended by Education Minister Yousef Al-Benyan and PIF Governor Yasir Al-Rumayyan, alongside partners from the Technical and Vocational Training Corp., Colleges of Excellence, Human Resources Development Fund, and Roshn Group. The launch underscores PIF's role in advancing Vision 2030, Saudi Arabia's plan to transition to a knowledge-based economy and reduce reliance on oil revenues. PIF held a signing ceremony with several partners to officially launch 'azm' program, unveiling specialized training programs to recruit and equip young Saudi talent with the tools to meet emerging industry demands and build a stronger economy from the ground up. @tvtcweb… — Public Investment Fund (@PIF_en) August 19, 2025 In a post on its official X account, PIF said it launched 'the 'azm' program to empower national talents and equip them with the expertise and skills required by the labor market, thereby contributing to building a stronger and more diverse national economy, through a signing ceremony that included the program's partners.' According to the sovereign wealth fund, azm aims to create a pipeline of technically skilled Saudis to meet the needs of PIF's investments, portfolio companies, and ecosystem partners. It focuses on employer-driven skill development, with 80 percent of training based on hands-on, real-world applications. Under the program, PIF signed memoranda of understanding with TVTC and the Colleges of Excellence to manage and deliver training. The agreements cover curriculum development, contracting with local and international providers, overseeing registration and evaluation, and operating training facilities. In the presence of HE Yousef Al-Benyan, Minister of Education, and HE Yasir Al-Rumayyan, Governor of #PIF, #ROSHNGROUP announces its Strategic Partnership of PIF's #azmprogram, marking an important step toward achieving the goals of #SaudiVision2030, focused on promoting local… — ROSHN Group | مجموعة روشن (@Roshnksa) August 19, 2025 'Future cooperation between Colleges of Excellence and the fund includes launching an academic entity under the azm program to serve as a specialized training body in developing technical and professional skills for Saudi youth,' the Colleges of Excellence posted on its X account. The fund said azm will offer tailored training at competitive costs, apply rigorous learner selection, and provide financial incentives to cover tuition. Employers partnering with the program will gain access to a job-ready Saudi workforce trained to their specifications. PIF said azm leverages its existing experience in delivering training across portfolio companies and taps into a broad network of local and international providers. It also benefits from strong ties with accreditation bodies and access to government funding mechanisms for workforce development.
Argaam
13 hours ago
- Argaam
Al-Kharj plant lifts APICO production capacity by 25%: CEO
Kunhair Kandy, CEO of Nomu-listed Arabian Plastic Industrial Co. (APICO), said that the company's third plant, recently inaugurated in Al-Kharj, significantly contributed to expanding its production capacity. In an interview with Argaam on the company's H1 2025 results, Kandy said the facility enabled APICO to raise its total production capacity by 25% year on year (YoY), allowing it to respond more flexibly to growing market demand. He added that APICO has continued to improve operational efficiency through automation, higher quality standards, and cost reductions, supporting stronger profitability. Kandy said the solid performance reflects the company's strategic shift from a traditional packaging supplier to a fully integrated solutions provider, enhancing value for clients and opening new growth opportunities. He noted that moving toward a comprehensive partnership model in packaging solutions has helped APICO maintain healthy margins, supported by the launch of innovative products such as smart orders, dynamic barcode and QR code printing technologies, and custom automation solutions for the industrial sector. As part of its geographic expansion strategy, APICO extended its regional presence to include Jordan, Iraq, Yemen, and Bahrain, where sales reached SAR 4.92 million in H1 2025, up from SAR 1.17 million during the same period in 2023. This step underscores the company's ambition to export its innovative products and solutions to new markets. When asked about expectations for the second half of the year, Kandy expressed confidence in continued positive performance for H2 2025. APICO, which specializes in manufacturing plastic-based containers and boxes, reported a 100% increase in net profit for H1 2025, reaching SAR 10.6 million, compared to SAR 5.3 million in the year-earlier period, Argaam data showed.
