Business & Money | Thursday 25 February, 2016 1:33 am |

The Ministry of Housing has announced that 84 percent of projects have been completed in the Saudi capital.

The projects are in a 5 million sq. meters of land located west of the King Khalid International Airport (KKIA).
These include 2,242 plots of land with infrastructure, water networks, electricity, communication facilities, in addition to 606 apartments.
“These will be allocated to qualified beneficiaries who have earlier applied for residential homes,” the ministry said.
This is part of a project that provides for the provision of 2,848 housing units that include integrated facilities for qualified applicants.
The ministry added that it is currently working to provide more residential homes for Riyadh residents. It also said that the houses will be in accordance with the different sectors of society in Riyadh which have the largest number of population.
As of last year, the population in Riyadh touched 4.9 million. About 68 percent of the number is Saudi. The ministry added that it has stepped up efforts to provide residential homes in various cities and provinces in the Kingdom’s regions.
“But we do it appropriately and in accordance with specifications on quality that was agreed on with the contractors,” the ministry added. 
The ministry said that these residential homes will be followed up with other projects in the near future, in light of strengthening its partnership with the private sector.
“The partnership aims to come up with other options to meet the increasing demand for residential homes,” the ministry said.
Such options, it added, could include the construction of high-quality condominium units which have become very popular in other countries.