Industry sources reveal that the Riyadh housing sector will require investments of 1.1 trillion Saudi riyals ($293 billion) during the next two decades, according to Al-Watan daily.
Head of the Planning and Projects Center of Riyadh’s Planning Authority, Abdullatif Al-Sheikh, stated that the authority views the housing sector as a strategic sector along with employment, health and education. Last year, nearly 504,000 residential apartments were available for rent in Riyadh, with demand exceeding supply by an additional 49,000. – (Mena Report)
© 2001 Mena Report (www.menareport.com)
