Latest news with #SaeedAl-Zahrani
Leaders
16-07-2025
- Business
- Leaders
REDF Supports Extension of Homebuyer Program
The Real Estate Development Fund (REDF) has welcomed the Cabinet's decision to extend the Facilitated Mortgage Program for an additional three years, highlighting it as a reaffirmation of the Saudi leadership's dedication to supporting Saudi families in achieving their first home. REDF spokesperson Saeed Al-Zahrani emphasized that the program plays a vital role in simplifying the homeownership journey for housing support beneficiaries. One of its key features is reducing the required down payment for a first home from 10% to 5%, significantly easing the financial burden on prospective homeowners. Al-Zahrani also noted that the program increases the financing cap to cover up to 95% of a home's total value—up to SAR800,000. This allows beneficiaries to choose between ready-built homes or units under construction, with flexible financing options tailored to their individual financial situations. He further highlighted that the initiative supports the goals of the Housing Program, a cornerstone of Saudi Vision 2030. Since its inception, the program has already enabled more than 638,114 beneficiaries to take a major step toward owning their first home. Related Topics: ROSHN Green Initiative Center: Inspiring Future Environmental Leaders Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities All You Need to Know about Hajj Rituals: A Step-by-Step Guide Discover Top Hotels Near Masjid Al-Haram for Hajj 2025 Short link : Post Views: 47 Related Stories
Arab News
18-02-2025
- Arab News
Historic Baran village draws winter tourists
RIYADH: Nestled among the mountainous slopes of Qilwah governorate in Baha, the village of Baran stands as a captivating cultural landmark and boasts over 500 years of history. It is a draw for tourists and history enthusiasts, particularly in winter when the weather is refreshing and the surrounding landscapes are at their most picturesque, according to the Saudi Press Agency. Saeed Al-Zahrani, a 73-year-old resident, said the village was constructed from stone, sidr wood and white quartz. Doors and windows are adorned with intricate architectural engravings, highlighting Baran's unique heritage. Atiya Al-Zahrani, another resident, said the village consisted of several multi-story buildings, ranging from three to four floors. At its heart are expansive agricultural terraces, which have long served as residents' primary livelihoods, providing fertile soil for growing crops. In a recent effort to preserve the Kingdom's cultural heritage, the Heritage Commission has added 25 new sites, including Baran village, to the National Register of Architectural Heritage. This initiative is part of the commission's broader efforts to archive and digitize heritage sites across the country, ensuring conservation of its rich legacy.
