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FINANCIAL NEWS
Saudi offers foreign firms to build 1.5mn housing units
09 Jun 2016
(MENAFN) Saudi Arabia will provide foreign and regional property developers deals, which aims to build 1.5mn homes in the coming seven or eight years.
Accordingly, the kingdom is preparing five or six types of partnerships between the ministry and the developer.
Additionally, the reform plans eye on doubling the real estate sector’s contribution to DP product to 10 percent by 2020.
Meanwhile, the ministry will allocate almost USD 15.7bn in the coming five years to a loan guarantee program that offer financing to home buyers.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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