Poster: Saudi Arabia’s Affordable Housing Policies: Challenges and Changes
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.
, Ann Arbor
Invited SpeakerBader Bajaber is a research assistant at the City and Regional Planning Department at King Fahd University of Petroleum and Minerals (KFUPM), Saudi Arabia. KFUPM awarded him a scholarship to pursue his graduate studies in Urban Planning at the University of Michigan, Ann Arbor. His research interests focus on housing affordability issues, more specifically creating sustainable housing that is affordable to low- and middle-income households in Saudi Arabia. His goal is to work in academia, and be an independent researcher who carries out research and publishes papers that would contribute and add values to the field of urban planning. Bader earned his Bachelor Degree in City Planning, summa cum laude, from KFUPM in May 2014.