Shura Council urges REDF to explore new financing options

The Shura Council, in its recent session, recommended "studying and developing innovative financing solutions" for the Housing Development Fund that align with housing demand patterns and beneficiaries' needs, while establishing regulations to ensure optimal utilization of the funding. The council also called for similar counterparts to develop strategies for the Social Development Bank, enhance financing programs for small and medium enterprises, direct investments into the Tourism Development Fund, and improve the performance of national universities through strategic indicators and goals. These discussions were based on annual reports of these entities, with requests for further study and follow-up to ensure performance improvements and the achievement of developmental objectives.

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