Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Ministry announces terms for getting housing support  Join our daily free Newsletter

MENAFN - Arab News - 08/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The Ministry of Housing on Tuesday announced the conditions for Saudis seeking housing support, be it a house, land or loan which will be paid by the applicant through easy installments



Ministry spokesman Muhammad Al-Zumai said at a press conference in Riyadh that as per the mechanism and criteria for the housing support scheme approved by the Cabinet on Monday, applications from the following groups of families will be accepted - man and wife, man and wife with one or more children, a father with one or more children, a mother with one or more children, two siblings whose parents died, one or more children whose father died and mother is non-Saudi or the other being their only provider



The ministry spokesman said that according to the approved scheme, an applicant has to be a Saudi, the family has to be residing in Saudi Arabia, the applicant should be 25 years old or more, none of the family members own a home, none of them has owned a home in the last five years (the date is set from the time of application), none of the family members had been registered in other government program to own a house.



The application should be filed by the husband or father, the wife or the mother who provides for her children including widows and those who were divorced at least two years before the date of application. It can also be filed by the children of deceased parents (the children should apply together)



The conditions will be applicable from the date of application to the date when the housing support is granted. Merely applying does not mean obtaining the support immediately. The conditions will have to be met when it is granted. Priority for obtaining the support (the house, loan or land) is determined based on the applicant's and their family's financial state, age, the number of family members, the social and health status of the applicant and family as well as the date of the application (applying first fetches an applicant priority points)



The ministry will launch an online portal for receiving application and verifying the data entered. The website will be launched in 60 days and will be connected to all relevant parties that have the information on the applicant's status and the extent of its need for housing support. The scheme will also include those who had already applied for loans at the Real Estate Development Fund after 2010

 






  MENA News Headlines
 Aug 20 2014 - Dining Offers at Park Regis Kris Kin Hotel DubaiMENAFN Press
(MENAFN Press) With the weather shifting to a cooler temperatures, Park Regis Kris Kin Dubai has lined up a series of offers and promotions to entice you with. Whether you crave Pan Asian delights, ...

 Aug 20 2014 - Saudi- Red Sea Housing net profit rises 23.13 to SR40.78m in Q2Arab News
(MENAFN - Arab News) Red Sea Housing Services Co. (RSH) has posted outstanding performance for the first half of 2014 revealing operating income of SR41.59 million a growth of 17.69 percent compared ...

 Aug 20 2014 - Saudi- Shelter for minors reduces beggaryArab News
(MENAFN - Arab News) Child beggary on the streets of Jeddah has decreased by more than 50 percent thanks to the opening of a juvenile shelter in association with Al-Birr Charitable Society said Hani ...

 Aug 20 2014 - Saudi Aramco's iThra program attracts thousands of visitorsArab News
(MENAFN - Arab News) Saudi Aramco's iThra Knowledge Program has attracted 300000 visitors during the first two weeks of the event. The program which is being held at the city's International ...

 Aug 20 2014 - Saudi- New office to oversee Haj-related activitiesArab News
(MENAFN - Arab News) The Haj Ministry has approved a new management office aimed at monitoring Haj-related programs and arrangements more effectively.The 'strategic initiative management office' ...

 Aug 20 2014 - Saudi- SFDA warns against contaminated chocolate drinksArab News
(MENAFN - Arab News) Before consuming any of the chocolate drinks produced by Milchwerke Mittelelbe GMBH and listed below check the expiry date first. If the product is packed in plastic containers ...

 Aug 20 2014 - Saudi- JCCI bridges gap between courts and businessmenArab News
(MENAFN - Arab News) A delegation from Jeddah Chamber of Commerce and Industry (JCCI) visited the headquarters of General Court in Jeddah.The delegation consisting of Vice Chairman of JCCI Ziyad bin ...

 Aug 20 2014 - Saudi- Holmstrom named as new US CG in JeddahArab News
(MENAFN - Arab News) New US Consul-General Todd Holmstrom arrived in Jeddah on Aug. 6 to assume his post.Prior to his appointment Holmstrom served as deputy chief of mission in N'Djamena Chad from ...

 Aug 20 2014 - Saudi- KACST scientist wins US physics awardArab News
(MENAFN - Arab News) Dr. Ibtesam Saeed Badhrees a leading woman research scientist in experimental particle physics at the National Center for Nanotechnology King Abdulaziz City for Science and ...

 Aug 20 2014 - Saudia staff urged to improve servicesArab News
(MENAFN - Arab News) A leading Saudi Arabian Airlines official has urged Saudia executives and field workers at King Abdulaziz International Airport (KAIA) as well as other employees in maintenance ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help