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Saudi Arabia needs SR1.3trln to build 2.4mln new houses until 2020

Posted on 02 October 2012

Saudi Arabia needs SR1.3 trillion investment to construct 2.4 million housing units between 2011-2020, the National Commercial Bank said Sunday in its “Saudi Housing Review” for the month of September 2012.
It indicates the magnitude of expenditures required by both government and private entities in order to close the supply and demand gap. The growing demand in the housing market will create many opportunities for both commercial banks and real estate developers to take on more active roles………………………………………..Full Article: Source


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