Wed, Jul 1, 2015
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

Saudi market poised for boom

Posted on 08 August 2011

The Saudi property market is set to boom thanks to a boost in government spending. Reflecting this stimulus, the International Monetary Fund (IMF) recently announced economic growth forecasts of around 6.5 per cent in 2011 up from 4.1 per cent in 2010.
In March, King Abdullah pledged to spend 30 per cent of the Saudi Arabia’s annual economic output (approximately $130 billion (Dh477.5 billion) on mass housing, job creation and a number of other social and economic measures……………………………………….Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
banner
July 2015
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031