31H, the Kingdom's financial institutions provided more than SR484 billion to the rapid development of the country in the agricultural, industrial, construction and other sectors. This was part of the government's support program for the well-being and prosperity of its citizens, in light of the important role played by citizens in the overall development process. The support program comprises diversified schemes of subsidies and soft and interest-free loans granted by several financial institutions, such as the Agricultural Development Fund, Saudi Credit and Savings Bank, Real Estate Development Fund, Industrial Development Fund, and Public Investment Fund. In the keenness of King Abdullah, Custodian of the Two Holy Mosques, to provide citizens with decent lives and comfort, a number of Royal Decrees have been issued to cover the needs of citizens, such as adding SR400 million to the capital of the Real Estate Development Fund enabling it to fulfill the commitments of its loans and speed up the process of granting loans to citizens as well as exempting them from due-premiums for their unreturned loans. A Royal Decree was also issued to construct 500,000 housing units in all regions of the Kingdom with the allocation of SR250 billion to support the capital of the Real Estate Development Fund. The Royal Decree ecree also raised the value of the upper limit of residential loans extended by the Fund to SR500,000 from SR300,000.
