The Saudi Crown Prince launches a massive housing initiative with a donation of one billion riyals to support needy families.

In a humanitarian gesture that embodies his deep commitment to the welfare of citizens, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, personally donated one billion Saudi riyals to the "Sakani" Developmental Housing Foundation through the "Housing Generosity" initiative, aiming to enable eligible families to own suitable homes in various regions of the kingdom. This generous support continues the approach adopted by the Crown Prince in enhancing the quality of life for citizens and achieving social stability. The royal directive includes the implementation of all housing projects covered by the donation within a period not exceeding 12 months, to be carried out by national companies, affirming support for the local economy and improving the efficiency of the real estate sector. His Highness emphasized the importance of closely monitoring the project through monthly reports on the progress to ensure the timely delivery of all housing units. This donation confirms that the housing file remains at the core of the Crown Prince's developmental vision, as home ownership is a cornerstone in building a stable and productive society. Experts consider that these directives will bring about a fundamental transformation in the real estate sector, especially in Riyadh, where it is expected to stimulate national companies and expand housing projects targeting the most needy groups. This initiative comes at a time when the housing sector in the kingdom continues to grow significantly, with over 96,000 real estate brokerage contracts documented during the first quarter of 2025, reflecting the vitality of the real estate market and the increasing role of the private sector in housing development. This support is not just a financial donation, but a strategic step carrying social, economic, and developmental dimensions, reaffirming the Saudi leadership's commitment to enhancing the dignity of citizens and enabling them to own a home suitable for them and their families.