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SR1.5 trillion investments in KSA real estate by year-end

Posted on 13 December 2010

From Saudigazette.com.sa: Investments in Saudi Arabia’s real estate sector will top SR1.5 trillion as the year ends, said Husain Alharthi, Managing Director of the National Exhibitions Company (NEC) Sunday.
More than 60 real estate firms from Saudi Arabia and other Gulf Cooperation Council (GCC) states are participating to discuss business prospects as the Saudi capital sets about its vision of transforming the city into the “New Riyadh”. “Total investment in the Kingdom’s real estate sector is expected to surpass SR1.5 trillion by the year-end, with many developments taking place in Riyadh,” Alharthi said……………………………………….Full Article: Source


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