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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
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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