According to Al-Yaum newspaper, 10 companies in the Eastern Region of Saudi Arabia are ready to finance a feasibility study for setting up a real estate credit bank in the region.
The study, which will be accomplished in four months, measures the worthiness of opening a bank to provide credit for individuals and building companies or even to own real estate projects particularly since the Saudi market lacks private financing. The study is also expected to determine the capital and work mechanism of the planned real; estate bank.
