Saudi Real Estate Sector Ground Realities Show Limited Capacity To Build 500,000 Homes
While the new housing decrees are set to boost Saudi real estate sector, the on-the-ground reality is that the country’s housing authorities do not have the capacity to build 500,000 homes. Meet the key Saudi players in real estate.
The Saudi real estate sector received a major fillip with the announcement that 500,000 new housing units will be built in the Kingdom. This is an urgent need of the Saudi population, and it is already proving to be a challenge given that the current infrastructure is not sufficient to immediately supply those 500,000. While nobody expects the entire plan to be executed within a year, there are questions on how the government will go about creating the necessary infrastructure and all the added developments such as roads, civil structures, and utilities be put in place. Read More Here
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