The Saudi real estate market needs alternatives that support the offer instead of the fees on vacant lands.

Wednesday 21st January 2015

Cairo - dialog - Saga Aaref:

Dr. Muhammad Bin Yahya Mufarreh, the Chairman of the Real Estate Union in Islamic States and one of the Saudi investors in the Arab Republic of Egypt assured that the housing issue is an important cause that addresses the life of every human being and that it is a problem that worry Saudi citizens in the kingdom, praising the great changes in the Saudi real estate market on the regulations level, pointing to the need for legislations and facilities to increase the offer instead of encouraging the increase of the demand, or the extent of it. He encouraged the leaders of the new generation of real estate investment companies who are working and planning in the medium and long term and launching integrated quality. Dr. Mufarreh - in a dialog with "Al-jazira" discussed the main projects provided by the Real Estate Union in Islamic States, which operates in 57 countries, in addition to the challenges facing the real estate market in the kingdom.

http://www.al-jazirah.com/2015/20150121/co1.htm