| New regulations are needed to meet high demand for housing. Gulf oil producers need to develop an effective mortgage system to organize their housing sector and meet high demand for homes due to a rapid population growth, Saudi Arabia's largest bank said on Tuesday.
National Commercial Bank (NCB) said the six Gulf Cooperation Council (GCC) countries, which control over 40 per cent of the world's proven oil wealth, have some of the fastest population growth rates in the world, adding that growth is unlikely to slow down below two per cent a year in the foreseeable future...............................................Full Article: Source
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