Saudi 'in need of another 973,000 homes'

Saudi Arabia will need an additional 973,000 housing units by 2015 and a total of 2.1 million units over the coming decade (215,000 units per year), said a new report by NCB Capital, Saudi Arabia’s leading wealth manager.

The NCB Capital in its latest report analyses the Kingdom’s real estate strategy and examines the key benefits and obstacles to affordable housing.

According to the report, moral, social and economic reasons make provision of affordable housing central to development of a nation.

Source: TradeArabia.com