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 fater, 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 29 2016 - Ooredoo SSM's sell iTunes, Facebook, Steam, Xbox, Google Play vouchers and moreThe Peninsula
(MENAFN - The Peninsula) Ooredoo and Osool Media officials after signing a partnership agreement. Doha: Ooredoo, in partnership with Osool Media, have today announced the official launch of a ...

 Jul 29 2016 - Diversions on East Industrial Road, Al Mamoura Underpass and service road on D-Ring RoadThe Peninsula
(MENAFN - The Peninsula) Doha: The Public Works Authority (Ashghal) has announced that it will put in place a temporary diversion on part of the southbound lanes of the East ...

 Jul 29 2016 - Petrol prices to go up marginally in AugustThe Peninsula
(MENAFN - The Peninsula) DOHA: Petrol prices will see a 5 dirhams rise in August, according to the new price list issued by the Ministry of Energy and Industry. Both Super grade petrol and ...

 Jul 29 2016 - Qatar- HH the Emir Holds Session of Talks with Argentinian PresidentThe Peninsula
(MENAFN - The Peninsula) Buenos Aires: HH the Emir Sheikh Tamim bin Hamad Al-Thani and President of the Argentine Republic, Mauricio Macri, held a session of official talks on Thursday night ...

 Jul 29 2016 - Qatar- Photo Album: Emir in ArgentinaThe Peninsula
(MENAFN - The Peninsula) if(window.innerWidth < 728){ googletag.display('div-gpt-ad-796530061225000279-1'); } ...

 Jul 29 2016 - Brexit heralds a new era in UK-GCC relations?The Peninsula
(MENAFN - The Peninsula) By Sean Evers You";re landing at New York";s LaGuardia Airport on the 'expressway” approach—it";s called that because you come in low enough to buzz the ...

 Jul 28 2016 - Wagner rips apart rusty ZimbabweThe Peninsula
(MENAFN - The Peninsula) Zimbabwe batsman Hamilton Masakadza runs past bowler Neil Wagner during the first day of the first test match in a series of two tests between New Zealand and hosts Zimbabwe ...

 Jul 28 2016 - Ramadan Sobhi: Why Stoke is the right club for the rising starThe Peninsula
(MENAFN - The Peninsula) (Photo: Twitter/Stoke City) By Adam Gray If Mark Hughes wished to make his Stoke City team the polar opposite to Tony Pulis"; then he is a long way down the path ...

 Jul 28 2016 - TPP-IIS deal to deliver health record systemThe Peninsula
(MENAFN - The Peninsula) FROM LEFT: Mark Melvin, Director of TPP Middle East, Ajay Sharma, British Ambassador to Qatar, and Sheikh Abdullah bin Ali bin Jabor Al Thani at the TPP and IIS signing ...

 Jul 28 2016 - Aamal net profit rises 23.5% to QR305.5m in H1The Peninsula
(MENAFN - The Peninsula) By M.V.A.Kumar DOHA: Aamal Company, one of GCC";s fastest growing diversified companies, posted a net profit of QR305.5m for the first half of 2016 (H1, 16), up ...

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