Akhir 03, 1432, March 08, 2011, SPA -- The Real Estate Development Fund (REDF) has approved 25,000 loans to help finance construction of 3,000 residential units in cities and provinces of the Kingdom of Saudi Arabia in accordance with the priority list of loan applications. In a statement to The Saudi Press Agency, REDF's Acting Director General Hasan Al-Attas said the value of this installment of the loans amounted to SR 7.5 billion, representing the second tranche of the generous support ordered by the Custodian of the Two Holy Mosques, King Abdullah Ibn Abdulaziz. "Our wise leadership is keen to support the process of construction and development," he said. He also praised the continual follow-up of Minister of Finance Dr. Ibrahim Abdulaziz Al- Assaf, who is also the Chairman of the Fund's Management Committee.
