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to download the complete report - GulfBase.com
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Real Estate Sec<strong>to</strong>r<br />
Government Focus On Infrastructure Projects<br />
» According <strong>to</strong> <strong>the</strong> estimates, in addition <strong>to</strong> <strong>the</strong> large investments in <strong>the</strong> oil and gas sec<strong>to</strong>rs, planned<br />
investments <strong>to</strong> be implemented under public-private partnerships mostly in infrastructure (during 2007-<br />
12) are expected <strong>to</strong> exceed US$300bn.<br />
» The plan of developing six mega economic cities across <strong>the</strong> Kingdom is one of <strong>the</strong> highlight of Kingdom’s<br />
investment projects in years <strong>to</strong> <strong>com</strong>e.<br />
New Saudi mortgage law expected anytime<br />
» The government has indicated that detailed mortgage law and mortgage financing regulations are under<br />
consideration for finalization and will allow a wider access <strong>to</strong> property ownership in <strong>the</strong> Kingdom.<br />
» In anticipation of <strong>the</strong> long-awaited <strong>com</strong>prehensive mortgage law, a number of banks have started offering<br />
Shariah-Compliant home financing credit with tenors extending up <strong>to</strong> 25 years.<br />
Global Investment House<br />
43 Saudi Arabia Economic Overview - January 2009
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