The general supervisor of REDF, Mansour bin Madhi, said that enabling Saudi women to own housing had been part of the fund’s policy since its inception, as they constituted half of society and were the foundation of accelerating development.
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The policy enabled women to own housing in accordance with the subsidized mortgage loan scheme’s terms to achieve the goals of the housing programs — one of the Saudi Vision 2030’s initiatives — which includes raising the rate of citizens’ home ownership to 60 percent by the end of 2020 and 70 percent by 2030, he said.
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