Saudi Arabia’s Real Estate Development Fund (REDF) launched Sunday Tatweer program in view of support real estate developers to increase the supply of housing units to meet the market demand and contribute to achieving the target of Saudi Vision 2030, Arab News reports.
The program will enable developers to obtain funding from different financial institutions.
Riyadh Bank is the first the partner for the scheme which will be extended to other banks in the Gulf country. Under its ambitious vision 2030, the kingdom seeks to increase Saudi homeownership by 70 percent by the end of this decade.
Saudi Real East Development Fund launches program to ease access to funds for developers
