Khaled Al-Anzi: Real Estate Financing Law Strengthens Public-Private Partnership

Easing pressure on the state budget and stimulating the contracting sector

Real estate expert Khaled Al-Anzi affirmed that the housing finance law represents a pivotal step in addressing the housing file, by providing a more sustainable financing mechanism that helps reduce waiting times for citizens to obtain housing and enhances the private sector’s participation in providing financing solutions.

Al-Anzi, in a special statement to “Al-Siyasa,” said that the most distinctive feature of the law lies in strengthening public-private partnership and involving local banks and financing entities in providing the necessary liquidity for housing finance, rather than relying primarily on traditional government channels. He added that expanding the role of the banking sector would alleviate financial burdens on the state’s general budget and allow for directing more resources toward infrastructure projects and essential services.

He noted that the law opens the door to more flexible financing alternatives and credit solutions that go beyond traditional government subsidies, giving citizens a wider range of options that align with their financial capacities and housing needs, while also enhancing the role of banks as partners in urban development.

Al-Anzi clarified that the repercussions of housing finance would not be limited to the housing sector, but would extend to the national economy by increasing banking credit activity and stimulating the contracting, construction materials, and real estate development sectors. He pointed out that increased activity in these sectors would contribute to creating new investment opportunities in the local market, boosting liquidity and commercial activity, thereby supporting economic growth and raising the private sector’s contribution to development.