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).
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Related to Sharakat

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • Seaplane means a fixed wing aircraft which is designed for taking off and landing on water and includes amphibians operated as seaplanes;

  • hostel means a place of residence for the students of the University, or its colleges, institutions and study centers, established or recognized to be as such by the University;

  • LHSIA means the Local Health System Integration Act, 2006, and the regulations made under it, as it and they may be amended from time to time;