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REAL ESTATE AND DEVELOPMENTExhibit 137: Household sizes forecast to fall to 5.2 by 2015765Size of household43210Overall Saudi Non-Saudi2004 2015ESource: KSA Department of Statistics, NCBC ResearchWe estimated a total incremental demand of over 1.3mn housing units by 2015 (representing anannual requirement of over 190,000 units over the next seven years). Our housing demandestimate would require an investment of over SR680bn (nearly $180bn) by 2015.New economic citiesThe Kingdom’s ambitiouseconomic city projects are animportant step in the ongoingeconomic transformationWith planned investments of more than USD60bn, KSA has begun constructing four integratedeconomic cities located on the Red Sea coast in the Western region of the Kingdom — KingAbdullah Economic City, Jazan (Jazan Economic City), Hail (Prince Abdul Aziz bin MousaedEconomic City), and Madinah (Knowledge Economic City). Two more ventures -- TabukEconomic City and Eastern Province Economic City -- are at the planning stage. According toprojections by the Center for Studies and Research at the Eastern Province Chamber ofCommerce and Industry, the Kingdom's economic cities will contribute USD150bn to country'sannual GDP and create 1.3mn new jobs by 2020. King Abdullah Economic City (KAEC) alone isexpected to contribute one-tenth of the GDP of the construction sector. It is expected to house2,500 manufacturing companies and be home to a 13.8 sq km seaport with the capacity tohandle 10 million containers. The port will be one of the five largest in the world.The economic cities are a part of the ambitious "10×10" program, which aims to place SaudiArabia among the world’s top ten competitive investment destinations by 2010. Some of the keyfacts of these economic cities are cited in the exhibit below.JUNE 2009SAUDI ARABIA FACTBOOK88