The Real Estate Development Fund has approved a new tranche of loans amounting to SR 5833 million. The Fund's Director General, Muhammad bin Ali Al-Abdani said in a statement to Saudi Press Agency (SPA) that 11,666 loans will be provided to build 14,000 housing units throughout the regions of the Kingdom of Saudi Arabia representing the third tranche of loans approved in the budget for the fiscal year 1433/1434AH.