Saudi Arabi to build almost 13000 new homes

Saudi Arabi to build almost 13000 new homes
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Published January 15th, 2013 - 11:39 GMT via SyndiGate.info

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Saudi Arabia is to build almost 13000 homes across the Kingdom, funded by loans  worth SR5 billion ($1.333 billion)
Saudi Arabia is to build almost 13000 homes across the Kingdom, funded by loans worth SR5 billion ($1.333 billion)
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Muhammad Al-Abdani
,
Real Estate Development Fund

Saudi Arabia plans to build more than 12,400 housing units in various parts of the Kingdom soon, according to a news report.  

The Real Estate Development Fund has sanctioned new loans worth SR5 billion ($1.333 billion)  for the purpose, said the Arab News report.  

Muhammad Al-Abdani, director general of the fund was quoted by the report as saying the total value of loans approved for building 12,472 homes in different cities and towns would reach SR5.19 billion.

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