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Saudi royal decree may ease $67 bln housing logjam

Posted on 25 April 2013

A royal decree in Saudi Arabia has shaken up the way in which the government allocates vast tracts of land, removing an obstacle to a $67 billion program to ease the country’s housing shortage.
King Abdullah originally announced the housing scheme in March 2011. His plan to build 500,000 homes over several years was part of a series of official steps to improve social welfare, at a time when social discontent was prompting uprisings in other Arab countries………………………………………..Full Article: Source

 
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