Huge expectations from Saudi Real Estate Development Fund

Published January 31st, 2005 - 09:07 GMT
Al Bawaba
Al Bawaba

Saudi citizens have huge aspirations from the Real Estate Development Fund after the SR9 billion support that the fund has recently obtained. The sum is to be distributed over five years.

 

According to Al Watan, the fund grants citizens in villages a loan of SR200,000 while those in cities are eligible for SR300,000. The village dwellers want only to be treated as the equal of the city dwellers despite their belief that even SR300,000 is a small amount whether in city, village or the most rural areas.