Quotes: 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

 


Arab News




  MENA News Headlines
 Jul 31 2015 - Telecoms consider Gulf markets after poor Q2MENAFN
(MENAFN) Gulf stock markets were narrowly mixed yesterday as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Saudi Arabia's main index inched down ...

 Jul 31 2015 - Tunisia cuts own growth estimationMENAFN
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.Tourism revenues represent about 7% of the economy, and, adding to ...

 Jul 31 2015 - Vodafone Qatar increase plans stay on trackMENAFN
(MENAFN) Vodafone Qatar, which has witnessed a 5% jump in customer base to USD 1.42mn in the first three months of this year.Revenue was down 8% to QR537.9mn and mobile average revenue per user.The ...

 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help