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The Minister of State for Cabinet Affairs: « The housing units targeted by the Prime Minister’s initiative have been suspended for 10 years and were not previously allocated »

The Minister of State for Cabinet Affairs and Prime Minister Adel Jumaa said, « We assure citizens who have an allotment of unfinished apartments that they are not covered by the Prime Minister’s initiative regarding the distribution of 100,000 apartments ».

He added: « The Ministry of Youth has worked to determine the plots of land that will be distributed to young people in various cities, and the Savings and Real Estate Investment Bank will be the executive management of the Prime Minister’s initiative regarding loans ».

He continued by saying: « We will start with the Prime Minister’s initiative regarding health insurance for employees aged 55 to 65 years, as the housing units targeted by this initiative have been suspended for 10 years and were not previously allocated ».

He pointed out that the required conditions and how to deduct the value of the loan will be announced by the Savings Bank in the coming period, stressing that the loans are free of usurious interests.

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