momah

The Real Estate Development Agency at the Ministry of Municipalities and Housing has announced the opening of registration for two programs: "Supporting and Empowering Real Estate Developers" and "Transforming Contractors into Real Estate Developers." The aim is to enhance the real estate supply in the Kingdom by providing diverse services that contribute to capacity building and offering the necessary tools to facilitate the journey of real estate developers.

These programs are part of ongoing efforts to support and empower real estate developers by providing all possible facilitations, enhancing their capabilities to elevate the real estate development industry, and strengthening partnerships with the private sector. Additionally, the programs focus on preparing and qualifying interested contractors to become real estate developers by providing supportive services for entering and working in the real estate development market.

Abdulrahman bin Abdullah Al-Tawil, the Deputy Minister for Real Estate Development, explained that the program to transform contractors into real estate developers will increase the number of qualified real estate development entities in the Saudi market, enhance the efficiency and capabilities of new real estate developers, meet the demand for residential units from citizens, and strengthen partnerships with the private sector.

Al-Tawil emphasized that participants in the program will receive several privileges, including support from the Small and Medium Enterprises General Authority "Monshaat" through Jader Program, accreditation from the National Housing Company (NHC), and a qualification certificate for real estate developers for off-plan sales projects from Wafi program.

The Deputy Minister for Real Estate Development highlighted the effective partnership between all government and private entities to develop quality and sustainable programs that contribute to the development of the real estate sector, in line with achieving the goals of Vision 2030, including initiatives such as "Startups House," "Performance Leadership," "Business Valley," "Quality Innovators," "NHC," "Saudi Real Estate Institute," and Small and Medium Enterprises General Authority "Monshaat."

Registration for the Support and Empowerment of Developers program can be done by visiting the link, and registration for the Contractors Transformation into Real Estate Developers program is also available through the provided link.