Connect with us

Local News

1.61 billion riyals deposited to support housing in October

The deposit of 1.61 billion riyals to support housing in October 2025 enhances homeownership within Vision 2030. Discover how this support contributes to improving the lives of citizens.

Published

on

1.61 billion riyals deposited to support housing in October

Housing support for citizens in October 2025

The Real Estate Development Fund announced the deposit of a large sum of one billion and sixty-one million riyals into the accounts of beneficiaries of the housing support program for the month of October 2025. This amount is allocated to support the profits of contracts for various housing support programs, and is part of the efforts made to improve the ability of citizens to own homes.

Saudi Vision 2030 and Housing

This support comes as part of the housing program, a key component of the Kingdom's Vision 2030. This vision aims to improve the quality of life for citizens and provide suitable housing solutions for all. Instead of homeownership being a distant dream, the government seeks to make it a tangible reality for every citizen.

Innovative financing solutions

The Real Estate Development Fund's role extends beyond simply providing financial support; it also works to develop innovative financing solutions in collaboration with financial institutions and real estate developers. The goal is to facilitate homeownership and provide financing and housing options that suit the needs of every individual.

For example, citizens can now obtain affordable loans or benefit from flexible installment plans tailored to their monthly income. These solutions make the home-buying process less complicated and easier.

Electronic services and real estate consultant

The Real Estate Development Fund provides its services through its online portal, facilitating access to information and services without the need to visit government offices. In addition, it offers a "Real Estate Advisor" service that helps citizens develop support plans based on the best financing and housing recommendations.

Imagine you are looking for a home that suits your needs and budget; you can simply log into the online portal and get a personal consultation about the options available to you and how you can make the most of government support.

positive impact on society

Providing such solutions and financial support enhances social and economic stability in the community. When individuals can more easily own their own homes, they develop a greater sense of stability and belonging to their community. This, in turn, contributes to strengthening the local economy and increasing overall individual productivity.

Ultimately, Saudi Arabia seeks to achieve a brighter future for its citizens by providing accessible and innovative homeownership opportunities. Vision 2030 is not merely an economic plan, but a comprehensive vision for improving people's lives and making them more comfortable and stable.

The Saudi News Network first launched on Twitter via its official account, @SaudiNews50, and quickly became one of the Kingdom's leading independent news sources, thanks to its fast and reliable coverage of major local and international events. Due to the growing trust of its followers, the network expanded by launching its website, a comprehensive news platform offering regularly updated content in the fields of politics, economics, health, education, and national events, presented in a professional style that meets the public's expectations. The network strives to enhance public awareness and provide accurate information in a timely manner through on-the-ground reporting, in-depth analysis, and a specialized editorial team, making it a trusted source for anyone seeking up-to-the-minute Saudi news.

Local News

Rabigh inaugurates the world's largest water innovation oasis and enters the Guinness World Records

The Water Oasis Innovation project in Rabigh has been launched as the world’s largest system combining research and application, relying on clean energy and artificial intelligence to enhance water sustainability.

Published

on

Rabigh inaugurates the world's largest water innovation oasis and enters the Guinness World Records

In a strategic move that reinforces the Kingdom of Saudi Arabia's position as a global leader in the water sustainability sector, the "Water Innovation Oasis" complex has officially commenced operations in Rabigh Governorate. This project is an unprecedented achievement, having been recognized as the world's largest integrated water innovation complex, earning it a place in the Guinness World Records. It stands as a scientific and industrial landmark, combining rigorous scientific research, practical experimentation, and real-world application in a single geographical location.

The oasis boasts a state-of-the-art infrastructure, including more than 23 specialized laboratories designed to accelerate the transformation of theoretical research outputs into tangible, commercially viable solutions. The Saudi Water Authority explained that the project extends beyond laboratories, encompassing advanced experimental stations and platforms designed to test technologies for water production, transmission, distribution, and reuse with high efficiency, supported by the application of cutting-edge artificial intelligence to manage and operate these complex systems.

In line with its commitment to global environmental standards, the Authority affirmed that the Oasis adopts sustainable and environmentally friendly solutions in all its operations. The system relies on clean energy for up to 41% of its needs, in addition to utilizing natural lighting for 90% of its facilities. This directly contributes to reducing carbon emissions by more than 284 tons of carbon dioxide annually, aligning with the objectives of the Saudi Green Initiative.

The significance of this massive project lies in the Kingdom's tireless efforts to achieve water security, a cornerstone of Saudi Vision 2030. With its long history and global leadership in desalination, the Kingdom is transitioning from a production and consumption phase to one of exporting knowledge and technology through this facility. The facility's output will help bridge the traditional gap between research centers and industry, facilitating the transformation of innovative technologies into commercial products that serve the water sector's needs not only domestically but also in countries around the world facing water scarcity challenges.

The registration of the oasis in the Guinness Book of World Records reflects the extent of Saudi ambition to lead the future of the water sector globally, as this system will be a center for attracting global minds and expertise, and a destination for startups and large companies wishing to develop water technologies, which will enhance the knowledge economy and create promising investment opportunities in this vital sector.

Continue Reading

Local News

Activating freelance and flexible work in Saudi media: Details of the agreement

Learn about the details of the memorandum of understanding between the Media Regulatory Authority and the Human Resources Authority to activate freelance and flexible work, and its role in preserving the rights of media professionals and supporting Vision 2030.

Published

on

Activating freelance and flexible work in Saudi media: Details of the agreement

In a move aimed at transforming the media landscape in Saudi Arabia, the General Authority for Media Regulation signed a strategic memorandum of understanding with the Ministry of Human Resources and Social Development, with direct support from the Ministry of Media. This agreement aims to activate and promote modern work models, specifically freelance and flexible work arrangements, to empower national talent and practitioners in this vital sector.

Details of the agreement and implementation mechanisms

The memorandum focuses primarily on regulating and streamlining work procedures for freelance media professionals. This includes supporting the issuance of "freelance work" documents for various media professions, as well as activating a flexible work system that allows media outlets to part-time contract with specialized talent on an hourly or project-based basis. These processes will be implemented through approved digital platforms launched by the Ministry of Human Resources, ensuring smooth and reliable procedures.

The context of Vision 2030 and the evolution of the labor market

This step aligns with the objectives of the Kingdom's Vision 2030, which prioritizes developing the labor market and reducing unemployment rates by adopting innovative business models that keep pace with global trends. The "gig economy" is one of the pillars the Kingdom seeks to strengthen to increase the private sector's contribution to the GDP. These new models bridge the gap between supply and demand, provide additional income opportunities for citizens, and offer employers greater flexibility in managing operating costs.

The importance of the decision for the media sector and content creators

This move is particularly important in the media sector, which by its very nature relies on creativity and evolving projects rather than traditional, static jobs. The General Authority for Media Regulation confirmed that this initiative will open up vast opportunities for holders of the "Mawthooq" license and other independent creators, granting them legal status to conduct their work. It will also contribute to eliminating the informal economy within the media sector and transforming individual hobbies and skills into organized and officially recognized commercial activities.

Insurance rights and benefits

The initiative extends beyond mere regulation to include protecting workers' rights. The accompanying awareness campaign aims to inform individuals and businesses about the registration process with the General Organization for Social Insurance, ensuring the recognition of years of service and social security benefits. Furthermore, the self-employment document allows practitioners to access financing programs, open business bank accounts, and obtain health insurance options, thus enhancing the professional and social stability of those working in this sector.

Continue Reading

Local News

Direct flights between Riyadh and Singapore to be launched next June

Learn about the details of the agreement to launch a direct air route between Riyadh and Singapore with 4 weekly flights via Singapore Airlines, to enhance air connectivity and tourism.

Published

on

Direct flights between Riyadh and Singapore to be launched next June

In a move that reinforces Saudi Arabia's position as a global logistics hub, Minister of Transport and Logistics Saleh Al-Jasser and his Singaporean counterpart, Geoffrey Siow, witnessed the signing of a significant cooperation agreement between the Air Connect program and Singapore Airlines. This agreement aims to launch a direct air route connecting Riyadh and Singapore, on the sidelines of the Kingdom's active participation in the Changi Aviation Summit 2026 and the Singapore Airshow.

Trip details and capacity

Under this agreement, Singapore Airlines will begin operating direct flights from Changi International Airport to King Khalid International Airport in Riyadh starting next June. Four weekly flights are planned, utilizing modern Airbus A350-900 aircraft, each offering a seating capacity of 303. These flights are expected to add over 126,000 seats annually, providing convenient and diverse travel options for passengers between the two countries.

Strengthening the national strategy for transport and logistics

This step is perfectly aligned with the objectives of the National Transport and Logistics Strategy, which seeks to solidify the Kingdom's position as a global logistics hub connecting three continents. The aviation sector is a cornerstone of this strategy, with the Kingdom aiming to reach 330 million passengers annually and connect to 250 international destinations by 2030. This new route represents a significant addition to the air connectivity network, contributing to the achievement of these ambitious goals.

Economic and tourism dimensions of linking with Southeast Asia

This direct route is not only important for passenger transport, but also serves as a vital bridge for boosting trade and tourism between the Kingdom and Southeast Asia. Singapore is a global financial and commercial hub, and its direct connection to Riyadh opens up vast opportunities for businesspeople and investors. This route also supports the Kingdom's growing tourism sector, facilitating access for tourists from Asian markets to explore Saudi Arabia's tourist and heritage destinations.

Official statements regarding the partnership

Commenting on this achievement, the President of the General Authority of Civil Aviation, Abdulaziz Al-Duailij, affirmed that the agreement represents a significant addition to the international route network and reflects the depth of the strategic partnership between the civil aviation sectors of the two countries. He noted that this route will provide world-class travel options and support trade and tourism.

For his part, Majid Khan, CEO of the Air Connect program, explained that the agreement is a strategic step towards opening new horizons for travel from Southeast Asia to the Kingdom. Singapore Airlines' Chief Commercial Officer, Goh Choon Phong, stated that the airline's return to Riyadh comes amidst a growing business environment and rapid development in the Kingdom, emphasizing the company's commitment to providing exceptional travel options for its customers in the region.

Continue Reading

Trending News