Friday, February 25, 2011

Saudi Arabia: Saudi King "issues series of royal decrees for the general improvement of the welfare of Saudi citizens"

Source: Royal Embassy of Saudi Arabia, Information Office

Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud yesterday issued a series of royal decrees for the general improvement of the welfare of Saudi citizens. The decrees, which amount to a multi-billion dollar package, came upon King Abdullah's return to the Kingdom after being away for three months in the United States and Morocco for treatment and recuperation from a successful back surgery.

"King Abdullah's latest investment in the Saudi people is aimed at continuing the progress taking place in all sectors of Saudi society—including economic, educational, social and security-related," said Saudi Ambassador to the United States Adel bin Ahmed Al-Jubeir.

The new benefits include:

  • $10.6 billion (SR 40 billion) in new funding for housing loans through the Real Estate Development Fund
  • $7.9 billion (SR 20 billion) in funding to increase the capital of the Saudi Credit Bank
  • $266 million (SR 1 billion) to enable social insurance to increase the number of family members covered
  • $319.9 million (SR 1.2 billion) to expand social services
  • $933 million (SR 3.5 billion) to help the needy repair their homes and pay utility bills
  • $126.9 million (SR 476 million) to support programs for needy students at the Ministry of Education
  • $3.9 billion (SR 15 billion) to support the General Housing Authority
  • Pay increase by 15 percent for state employees
  • 50 percent increase in the annual allocations for charitable organizations to $120 million (SR 450 million)
  • $26.7 million (SR 100 million) annually allocated to projects of the National Charitable Fund
  • Extended the King Abdullah Foreign Scholarship Program for five additional years, which will now include Saudis studying abroad on their own accounts
  • Increased monetary support for all sports clubs
For more information on King Abdullah's initiatives, please visit and follow the Embassy on Twitter (@SaudiEmbassyUSA) or on the Embassy YouTube page.