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