Abid Khazindar Al-Riyadh newspaper The Kingdom's approval of real estate financing and mortgage laws comes within the framework of providing citizens with affordable housing. They also come at a time when the real estate sector is enjoying full government support. “We are witnessing the construction of residential units all over the Kingdom and citizens are able to easily obtain housing loans through the Real Estate Development Fund,” stated Shuwaish Al-Duwaihi, Minister of Housing. Al-Duwaihi discussed how these laws hope to bolster the real estate sector. The Ministry of Finance, in conjunction with the Ministry of Housing, will prepare the general polices for the real estate financing law. The Real Estate Development Fund should not adopt lending policies that are different from the ones used by banks. This will reduce pressure on the fund and help it compete with banks. Banks shouldn't be given any control over such policies and regulations in order to prevent what contributed to the financial crisis in the United States a few years ago when the country gave banks leeway to give loans.