Al Jazeera – Ali Al Qahtani:
The Ministry of Housing and the Real Estate Development Fund, in partnership with the Local Content and Private Sector Development Unit (NAMA), today launched the "Housing Loans for the Army" initiative, which includes a good SR loan 140,000, Housing Minister Majid bin Abdullah Al-Haqail, Head of the Local Content and Private Sector Development Division Nama Fahd Bin Mohammed Al-Skeit and representatives of the Sectors Military sectors.
Khalid bin Mohammed Al-Amoudi, general supervisor of the Real Estate Development Fund, said the "Housing Loans for the Military in Service" initiative is under the Royal Decree to allocate 21 billion rials to serving soldiers in recognition of the wise leadership of brave soldiers and all those who protect the security of the country and the citizen. By allowing them to own their homes and stabilize their families by offering a good loan of up to 140,000 reais, and by financing them through the mortgage lending program through the participating financial institutions, noting that it is one of the initiatives of the housing program in cooperation with the housing unit. local content The private sector 'Nama' within the programs of the 2030 Kingdom vision, which aims to increase the proportion of ownership to 60% by 2020.
Regarding the way military personnel working in the military sectors benefit from the initiative, the General Supervisor of the Real Estate Development Fund stressed the importance of registering or updating the data in the "Housing Loans" program of the Ministry of Housing or the Real Estate Development Fund . (Up to 140 thousand rials) after the completion of the repayment of the basic mortgage loan, after 15 to 25 years at the most, and will be divided according to the monthly income of the citizen at the moment ».
Al-Amoudi said that he includes all the military of the Ministry of Defense, the Ministry of Interior, the Ministry of National Guard, the Presidency of the Royal Guard, the Presidency of State Security and the General Presidency of the Intelligence.
On the other hand, the General Ombudsman for Private Sector Development in the Local Content and Private Sector Development Division Namaa Nayef bin Abdul Mohsen Al-Rasheed explained that the Housing Loans Initiative for Military Personnel aims to provide Hama Al-Watan funding in implementation of the Royal Decree. It will contribute to the revitalization of the construction and contracting sector, including financing solutions and loans with competitive advantages in cooperation with the approved funding agencies in the Kingdom.
Marwan Zawaoui, General Supervisor of the Housing Program, said that the "Housing Loans for Military Services" initiative is in line with the initiatives of the Ministry of Housing and the Real Estate Development Fund and directly in pursuit of one of the objectives of the housing program by raising the rate In 2030, he explained that the housing options available to the military include the purchase of a ready housing unit from the market, the purchase of a housing ready from the Ministry of Housing or a housing unit under construction. projects in partnership with the private sector. The servants.
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