Sharakat definition
Sharakat which means “cooperation” or “partnership” is a programme launched by the Ministry of Housing to establish partnerships between the Ministry (government sector) and the private sector, by providing high-quality housing solutions and facilities tailored to the needs of citizens at a price commensurate with their income (SMOH, 2019q). Thus, Sharakat provides good quality residential units at affordable prices in partnership with the private sector. This programme falls under the Supply Support Policy (SSP) which was discussed earlier. By the end of the 2018, 45 Sharakat projects had been implemented in different regions and had provided more than 77,000 high-quality housing units ranging in price from 250,000 to 750,000 SR (£50,000 to £150,000) (Harvard Business Review, 2019).