Riyadh – Mubasher: The Saudi Real Estate General Authority (REGA) and the Social Development Bank (SDB) launched on Tuesday the real estate excellence programme with the aim to finance and support small real estate entities, Saudi Press Agency (SPA) said.

The programme will also arm these small businesses with modern knowledge and technology in the real estate space.

In addition, it will enable them to obtain a real estate brand and identity as well as knowledge from leading companies experienced in the local or global real estate market.

The Social Development Bank will provide interest-free financings with a two-year grace period.

Meanwhile, REGA will support the programme via a basket of services including, Sakani, Off-Plan Sales or Rent Programme (WAFI), the real estate financing programme, real estate marketing, building sustainability, and documentation, the statement said.