Sunday 23 January 2022

Saudi group to provide 10,000 homes in 1o years

RIYADH, December 18, 2016

Saudi-based charity organisation Alwaleed Philanthropies (AP) has announced plans to provide 10,000 housing units and 10,000 cars to Saudi citizens across the kingdom within the next 10 years to help improve their living standards through various community development projects.

The organisation, which is chaired by Saudi billionaire Prince Alwaleed bin Talal bin Abdulaziz Al Saud, has announces the names of the 2,600 Saudi citizens benefiting from the seventh instalment of its ‘Housing and Car Grants’ programme.

The ‘Housing and Car Grants’ programme is one of the foundation’s long-term initiatives, targeting Saudi citizens who are not eligible to apply to the Ministry of Housing and Infrastructure, based on criteria set by AP.

The foundation has taken into account the average family structure in terms of the number per household, in addition to reassessing the needed space per household, which resulted in a delay in announcing the seventh instalment.

After conducting field visits to the families in need and studying their different needs, Alwaleed Philanthropies delivered 400-sq-m villas for all beneficiaries of sixth instalment of the ‘Housing and Cars Grants’, located in Al-Ha'ir in Riyadh, it stated.

Alwaleed Philanthropies’ ‘Housing and Cars Grants’ programme does not require fees and has no age limit for its applicants.-TradeArabia News Service

Tags: UAE | Cars | Saudi | Alwaleed | Charity | housing units |

More Construction & Real Estate Stories

calendarCalendar of Events