RIYADH: Saudi Arabia’s unused land program has disbursed over SR37.8 million ($10 million) of its revenues to develop infrastructure and water services at several housing projects across the Kingdom.
The revenues were spent on projects including Badr, Al-Ras, Taima, Umluj and Al-Ahsa housing, according to a statement.
The housing projects are affiliated with the Ministry of Municipal and Rural Affairs and Housing.
This comes as the program aims to increase home ownership for Saudi families to 70 percent by 2030, in accordance with the objectives of the Iskan Program.
Since its inception, the program has enabled over 185,000 Saudi families to obtain appropriate housing options.