Ministry of Housing stresses the principle of partnership with the real estate market to organize the private sector

​ In a workshop held yesterday  in Asharqia Chamber
 

           An official in the  Ministry of Housing  stressed the principle of partnership with the private sector, to solve the existing housing problem, and the launch of the Public Committee of real estate for one of the initiatives designed to organize the real estate activity and supervision to increase efficiency in the service the local residential sector.
The consultant of his excellency Dr. Abdulrahman Al Khayyal stressed in a workshop held Thursday titled (the hoped role of the public committee of real estate) presenting in it the Housing Ministry strategy to organize the residential real estate sector, saying that the ministry is facing many challenges, most notably the limited suitable housing units for segments of society, and the difficulty of access to appropriate housing finance, and the lack of efficiency in the real estate sector, and relying on government funding.
He said that the establishment of the this committee is by the order of the Highness for the and it is one of
He said that according to the organizing of the committee, the mission is to organize the real estate activity, supervising it and improving it to increase the efficiency and encourage investment in it in line with the goals of  the economic and social progress.

And he reviewed a number of initiatives handled by the Ministry of Housing to support the real estate sector (the residential in particular)
He added that the ministry and as a part of its efforts to develop the residential sector, is paying attention to partnership with the private sector in real estate development, to transfer lands areas to real estate projects in the housing service, thus, the ministry of Developing Services Center (Itmam), a center  that facilitates the work of developers in the private sector by connecting the Developers and government agencies through related organizations, the ministry approved the sale on a map project (Wafi), a project through which the Ministry seeks to motivate developers by allowing them to sell their units on the map during the construction stage.
In this regard the Al Kayyal said that the ministry has developed a series of initiatives, including landlords Union initiative and sorting the residential units that will provide policy and processes and regulations required for enhancing the mutually owned real estate, and this is what contributes to the provision of housing for citizens too.
He stressed that the ministry is working to urge landowners to improve their land, to increase the supply and allow the citizen to own it in a reasonable price, therefor a charge has been applied for these undeveloped land located within the populated boundary, which is the term called "white land fee".