Thursday, July 26, 2012

New Saudi mortgage law attracts foreign investment

The implementation of the new mortgage law in Saudi Arabia is expected to modernize the Kingdom's real estate market through attracting foreign investments. Non-Saudi real estate companies will be able to contribute in building residential units, especially when the market is opening up to all citizens including middle-class.

According to experts, competition will be tough since the new mortgage law ensures the fairness of the transaction and the safety of the financial system
Copyright: Arab News © 2012 All rights reserved.

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Source: http://www.albawaba.com/business/saudi-real-estate-435382

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