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Saudi Arabia needs SAR1.3trn housing investment by 2020

Posted on 04 December 2012

The Saudi housing market continues to expand on the back of high population growth and increasing availability of financing alternatives. Other key determinants include the increasing Kingdom’s GDP (gross domestic product), growing Saudi labor force and rising personal income, which all have a direct impact on the housing market.
This trend will continue as the Saudi economy is expected to grow by 3.9 percent through 2012, according to a report by the National Commercial Bank ( NCB ) received………………………………………..Full Article: Source


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