JEDDAH: Saudi Arabia’s Housing Program is effectively contributing to social and economic stability for citizens amid rapid growth, according to the International Monetary Fund.
In its report following the conclusion of the Article IV Consultation 2024, the IMF said that the program, part of Saudi Arabia’s Vision 2030, has achieved several tangible successes, including a notable increase in homeownership rates to approximately 64 percent, with 90 percent service satisfaction among beneficiaries, and a diverse range of available housing options.