The Ministry of Housing and the Saudi Credit Bureau (SIMAH) signed an agreement to provide data and statistics for the housing sector in the presence of His Excellency Minister of Housing Majed bin Abdullah Al-Hogail and CEO of Saudi Credit Bureau (SIMAH) Mr. Suwaid Bin Mohammed Al-Zahrani at the Ministry of Housing in Riyadh.
This agreement will contribute to be exposed to the housing price trends that the Saudi housing market needs, which is in line with the objectives of the Saudi Vision 2030 by providing specialized housing indicators, raising the standard of service provided to citizens, and supporting in making the best decisions according to accurate and updated figures. A framework of transparency and thus contribute to the stimulation of housing solutions.
Housing prices are one of the most prominent indicators of housing, and one of the outputs being developed by the Studies and Monitoring Housing Center of the Ministry of Housing, which was newly approved by a decision of the Council of Ministers to form the main reference for all the housing monitoring in the Kingdom, to collect and analyze data related to the housing sector, In addition to providing accurate indicators, preparing reports, studies, research and housing bulletins in coordination with the concerned authorities, and establishing a comprehensive housing database from the records of the relevant authorities and strengthening them with geographical information systems.
This indicator seeks to follow most efficient methods to monitor the prices of the main housing used in several developed countries in this area, such as the United Kingdom and Australia, as well as the United States of America.
For his part, executive head on simah expressed his satisfaction with the strategic partnership with the Ministry of Housing, which comes within the framework of simah ambitious plan to provide value-added and quality products to the public sector in general and to the housing sector in particular as the first licensed credit information company in the Saudi market for individuals. And the business sector.