Sat, Aug 30, 2014
A A A
Welcome hendrik.absolut
RSS

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

Saudi real estate market growing

Posted on 17 December 2012

Saudi Arabia’s real estate market estimated at more than SAR 1 trillion is growing at the rate of six per cent annually. It contributes 9.5 per cent to the nonoil GDP. “So real estate is the Kingdom’s second largest economic sector after oil,” said Khaled Al-Hamoudi, president of Qassim University.
Economic consultant Abdullah Al-Ajaji said the construction of 500,000 housing units ordered by Custodian of the Two Holy Mosques King Abdullah at a cost of SAR 250 billion would help reduce real estate prices and rents………………………………………Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031