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

New players to join Saudi real estate market

Posted on 24 July 2012

The implementation of the new mortgage law in Saudi Arabia is expected to modernize the Kingdom’s real estate market through attracting foreign investments. Non-Saudi real estate companies will be able to contribute in building residential units, especially when the market is opening up to all citizens including middle-class.
Real estate and banking officials told Arab News that Saudi Arabia would offer a bunch of facilities to investors in a bid to attract more foreign investment. They stated that such investments would support the national economy and revive related sectors such as construction………………………………………..Full Article: Source

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