Riyadh, November 17, 2024 – The Real Estate Development Fund (REDF) has announced a significant milestone achieved during Cityscape Global 2024, with housing finance extended to beneficiaries of the Sakani program reaching approximately 1 billion Saudi riyals over the four-day event.
This achievement highlights the effectiveness of REDF’s strategic partnerships with private-sector financial institutions and real estate developers, which played a pivotal role in facilitating access to financing solutions during one of the world’s largest real estate gatherings.
Cityscape Global served as an essential platform for individuals seeking housing solutions, providing attendees with streamlined pathways to secure suitable housing options. The event also showcased the breadth of financing options available, designed to ease financial burdens and address the diverse needs of prospective homeowners.
REDF emphasized that its collaborative efforts with financial and real estate entities have strengthened demand for housing and supported the Kingdom’s broader objectives of increasing homeownership rates. These partnerships have been instrumental in offering innovative financing solutions tailored to meet the evolving needs of beneficiaries, contributing to the Kingdom’s Vision 2030 goals of enhancing quality of life and urban development.
The milestone achieved at Cityscape Global 2024 underscores REDF’s commitment to enabling more citizens to realize their homeownership dreams. By leveraging the visibility and opportunities offered by high-profile events, REDF continues to drive progress in housing finance, fostering sustainable growth in Saudi Arabia’s real estate sector.