News

“Etmam” completes the approval of more than 36 million m2 during the month of January in various regions of the Kingdom

“Etmam” completes the approval of more than 36 million m2 during the month of January in various regions of the Kingdom

The Developers Services Center (ETMAM) ended January 2020 by approving 14 plans with a total area of ​​36,801,759 million m2 in various regions of the Kingdom, and provided many services to developers.

For his part, the Director General of the Center, His Excellency Eng. Abdul Wahab bin Misfer Al-Qahtani, stressed the strategic role played by the Developers Services Center “ITMAM” as a government initiative aimed at overcoming obstacles facing real estate developers and owners of residential projects, which contributes to providing housing options for citizens and beneficiaries and increasing the appropriate supply to meet all different needs.

He also noted the complementary role and fruitful cooperation provided by various government agencies for the success of the initiative and facilitating procedures and services that greatly facilitated the work of the Developers Services Center.

The Eastern Region topped the list in terms of the area of ​​approved plans, reaching 15,174,233 million m2, followed by Jazan Region with a total area of ​​10,462,489 million m2, and Asir Region came third with a total area of ​​8,058,624 million m2.

Among other services provided by the Developers Services Center “Etmam” to developers and owners of residential projects, the center completed building permit applications for residential units in January 2020, totaling 1,565 units.

The Real Estate Developers Services Center is one of the Ministry of Housing’s programs aimed at facilitating real estate developer procedures to support supply and enable demand, and facilitating citizens’ access to suitable housing with various options, high quality and reasonable prices, which results in raising the rate of home ownership, in addition to stimulating the private sector to invest in the residential projects sector.

Al-Rajhi Bank

Al-Rajhi Bank (Create Escrow Account)