Saudi Crown Prince Mohammed bin Salman has pledged a generous donation of 1 billion riyals ($266 million) to fund housing projects aimed at helping deserving families gain homeownership. This initiative highlights the Crown Prince’s ongoing commitment to improving living standards across the Kingdom.
A Substantial Contribution to Housing Projects
On April 29, 2025, Saudi Crown Prince Mohammed bin Salman made a significant announcement, pledging 1 billion riyals from his personal fund to support housing ownership for eligible citizens. The funds will be directed toward the National Development Housing Foundation’s Jood Eskan platform, a key initiative designed to provide affordable housing to those in need.
This donation is a clear signal of the Crown Prince’s commitment to ensuring that every Saudi citizen has access to a decent and dignified standard of living. According to the official Saudi Press Agency (SPA), the project is expected to be completed within 12 months. National companies will carry out the construction work, ensuring that local businesses play a crucial role in the nation’s growth.
The initiative focuses on assisting families who are struggling to afford their own homes, providing them with an opportunity to improve their living conditions and achieve stability.
Swift Action and Accountability
The Crown Prince’s donation is not just a symbolic gesture. It comes with a clear directive: the housing projects must be completed within a year. This timeline underscores the urgency of addressing the housing needs of Saudi families and reflects the government’s dedication to solving the housing crisis.
In addition to the ambitious timeline, Prince Mohammed has mandated that authorities submit monthly progress reports. This will ensure full transparency and accountability throughout the construction process. By requiring regular updates, the government aims to prevent any delays and ensure that housing units are delivered on schedule.
It’s a move that aligns with broader efforts in the Kingdom to modernize infrastructure, improve quality of life, and provide a foundation for long-term social stability.
Ministerial Praise and Public Support
Saudi Minister of Municipalities and Housing Majed Al Hogail expressed his gratitude for the Crown Prince’s generous contribution, calling it an embodiment of His Highness’s awareness of the citizens’ needs. Al Hogail took to social media platform X (formerly Twitter) to highlight the significance of the donation, emphasizing that it represents a commitment to providing a dignified life for Saudi families.
“The generous donation reflects His Highness’s keenness to achieve social stability and ensure that citizens have access to affordable housing,” Al Hogail wrote. The minister’s praise not only acknowledges the Crown Prince’s generosity but also signals the ongoing efforts by the Saudi government to address the housing shortage in the Kingdom.
A Vision for the Future
Prince Mohammed’s donation is part of a broader vision for the Kingdom, focusing on the welfare of its citizens and the development of sustainable communities. The Kingdom has set ambitious goals for the housing sector in the coming years, with significant investments in infrastructure and public services aimed at improving living standards across the country.
This donation is particularly important in light of the rapid population growth and urbanization in Saudi Arabia. The government is under increasing pressure to provide affordable housing solutions to meet the demands of a growing and diverse population.
With the completion of these housing projects, thousands of Saudi families will have the chance to own homes, marking a major milestone in the Kingdom’s efforts to promote social stability and improve the quality of life for its citizens.
