The growth rate Saudi Arabia’s population stands at 2.5 percent per annum, with 500,000 Saudis born every year, a recently held symposium on The Future of Housing in Riyadh revealed, Al-Sharq Al-Awsat reported.
The symposium revealed that 50 percent of the local population is below 20 years of age. Thus, the demand for housing is expected to exponentially rise in the near future. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
