
Around 35,000 new low-income housing units are to be built in different parts of Saudi Arabia over the next two years.
According to Deputy Economy and Planning Minister Ahmed bin Ibrahim Al Hakami these housing units – targeted by the current Eight Five-Year Develop-ment Plan – would be built by the Social Affairs Ministry and charitable organisations.
Saudi Arabia needs more than one million housing units to shelter the needy and Custodian of the Two Holy Mosques King Abdullah has allocated SR10 billion ($2.67 billion) to build 66,000 low-lost houses for the needy in four years at the rate of 16,500 per year.
The King Abdullah Charitable Housing Foundation intends to construct 13,000 housing units, which will benefit some 50,000 people.
The king has donated five million sq m of land worth SR2 billion located between the Prophet’s Mosque and the Madinah airport for the foundation’s project in Madinah.