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Saudi housing projects need SR500bln by ’20

Posted on 20 November 2012

Saudi Arabia is facing a huge housing shortage as demand continues to outstrip supply requiring SR500 billion in financing to construct 1.25 million houses by 2014.
Total real estate financing is also forecast to reach SR60 billion by 2013, as a result of growth in total real estate lending by SR17 billion in the second quarter of this year alone, leading experts to comment that the implementation of the Kingdom’s newly approved mortgage law may be a prime solution to the housing crisis………………………………………..Full Article: Source


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