Saudi Arabia: 300 residential apartments on sale
According to Al-Sharq Al-Awsat newspaper, the Saudi Al Otair Trading & Industry Group has recently put on sale 300 residential apartments in Riyadh and Mecca.
Mr. Yousef Al-Otair, President of Al-Otair Group, said that his company will provide financial incentives and discounts for people wishing to own these apartments. He estimated these apartments value at SR 40 million ($11 million). He added that the demand for apartments is continuously growing for residential, commercial and industrial purposes. These apartments are designed to suit a large portion of the Saudi customers, the chairman said.