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Saudi Arabia to spend $1.3bln on new homes

Posted on 16 January 2013

Saudi Arabia will build more than 12,400 homes once the Real Estate Development Fund has sanctions new loans worth SR5bn ($1.3bn), Arab News reported.
The housing units will be constructed in different parts of the kingdom, the Jeddah based newspaper reported, citing Muhammad al-Abdani, director general of the fund………………………………………..Full Article: Source


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