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This policy enabled women to own housing according to the terms of the subsidized mortgage loan scheme to achieve the goals of housing programs
RIYADH: More than 73,000 Saudi women in the Kingdom have benefited from mortgage loans provided by the Real Estate Development Fund (REDF), to women to own their first homes.
The general supervisor of the REDF, Mansoor bin Madhi, said that enabling Saudi women to own housing was part of the fund’s policy from the beginning, as they formed half of the society and laid the foundation for speeding up development .
He said the fund worked on facilitating and simplifying real estate financing processes to empower all citizens to obtain subsidized mortgage loans through electronic and instantaneous processes.
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This policy enabled women to own housing according to the terms of the Concessional Mortgage Loan Scheme – one of the initiatives of the Saudi Vision 2030 – in which the rate of citizens’ home ownership rate was 60 percent to achieve the goals of the housing program To 60 percent. 70 percent by 2020 and 2030, he said.
