Saudi King directs money for housing, boosts Real-Estate Development Fund capital

Published August 23rd, 2005 - 06:10 GMT
Al Bawaba
Al Bawaba

New Saudi King Abdullah ordered Monday a series of measures aimed at improving living conditions, including the allocation of of almost $22 billion on housing, health and education projects as well as raising the capital of development funds. The capital of the state Real-Estate Development Fund was also raised by 9 billion riyals ($2.4 billion), said the decree.