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HOUSE_OVERSIGHT_023652

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turn it to the state treasury that will make the state position more powerful so that it covers more expenses of “housing and other expenses” that the state need. In addition to creating job opportunities that contribute to solving many of the problems of Saudi citizens, as well as they contribute to the development of the private sector. * Among the programs that were presented last Sunday the housing program and there was a reference to three solutions. What is the vision of Your Highness through the program to the issue of housing? - We are optimistic and we expect the situation for us is more positive than we thought, there will be hundreds of thousands of free units in the housing program, there will also be more than one million units in soft loans for Saudi citizens. The first will be without payment for hundreds of thousands of units and there is no specific number, and the accurate number will be announced at the time of the launching of the housing program, but there will undoubtedly be more than one million units sold by the facilitator or loan from the Real Estate Development Fund, the Real Estate Development Fund will contribute to lending and also the easy sale, the Public Investment Fund will also contribute to the housing sector. * Will the fund return to its previous role in pumping money? - The Real Estate Development Fund is undoubtedly one of the main drivers of the development of the housing sector. We have three types of housing. The first one is the free one, hundreds of thousands, | cannot give you the final number. The second one is the housing supported by the real estate development fund. Third one is the housing from the main investor which is the government and it sells easily and at a discounted price to the Saudi citizen. This is a very long-term loan whose profit to the fund is only 3%, while the citizen can own his unit on the second day and he can pay for many years without affecting his main income. Not to mention, the free units a

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