Prince Mohammed bin Salman bin Abdulaziz Al Saud Directs the Developmental Housing Foundation (Sakan) to Launch First Phase of Housing Unit Handovers Across Saudi Arabia

SPA

Riyadh, December 15 (Saudi Arabia Breaking News) — The Developmental Housing Foundation (Sakan) announced the launch of the first phase of housing unit handovers to beneficiaries across Saudi Arabia, in implementation of directives issued by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, the Saudi Press Agency reported.

The move follows a personal donation of SAR 1 billion made by the Crown Prince to the foundation through the Jood Eskan initiative, aimed at supporting homeownership for eligible families and beneficiaries.

In line with the directives to complete designated housing projects within a period not exceeding 12 months, while maintaining the highest standards of quality and governance across all operational processes, Sakan adopted an implementation plan enabling the immediate commencement of handovers.

The plan comprises six phases covering all regions of the Kingdom, based on the selection of completed housing units developed by national developers and companies in accordance with approved technical specifications, ensuring a swift and tangible developmental impact.

In coordination with the Kingdom’s principalities, Sakan will also implement a monthly handover plan covering two regions per phase, aimed at streamlining beneficiary access and enhancing the efficiency of handover operations.