UAE earmarks $1.36bn for major housing scheme
01 November 2018
The UAE government has allocated around Dh4.8 billion ($1.36 billion) in the 2017-2019 budget for the Sheikh Zayed Housing Programme to provide Emirati citizens with decent living standards and ensure social well-being and the economic welfare in the country.
Under the 2019 federal budget, a total of Dh1.61 billion has been earmarked for the programme, which was almost the same amount allocated as part of the 2018 and 2017 budget, according to figures released by the Ministry of Finance, reported state news agency Wam.
The establishment of Sheikh Zayed Housing Programme in 1999 is in line with the policy adopted by the late UAE founder to ensure decent housing for local families of different economic and social levels, it added.
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- UAE earmarks $1.36bn for major housing scheme
- In Brief
