Poster: Saudi Arabia’s Affordable Housing Policies: Challenges and Changes

Monday, May 8, 2017 | 1:30 p.m. - 2:30 p.m.
#9113339

This poster focuses on the growing issue of affordable housing in Saudi Arabia. It presents the unique factors that give rise to challenges in the delivery of affordable housing in Saudi Arabia including the limited availability of housing finance, and the rapidly growing urban population. Also, the poster visually displays statistics that show the growing shortage of affordable housing in Saudi Arabia. Then, through diagrams, the poster analyzes core elements of Saudi housing policies. The analysis shows that offering non-interest loans and free land to the citizens has caused a speculative construction boom, which accordingly has resulted in dramatic increases in urban land values and rents. Moreover, through project profiles and maps, the poster shows that the remote locations of the government-backed production projects make them inconveniently linked to employment opportunities and social infrastructure. Although the recently adopted mortgage law and land tax on undeveloped plots in urban areas are a step forward in offering affordable housing, these initiatives are yet to become effective, calling for several adjustments. Finally, the poster draws inferences and makes policy recommendations that would control the current out of reach housing prices and change the government’s focus on the short-term solution of physically offering affordable homes.    

Speakers

Bader Bajaber , Ann Arbor , MI (see bio)