Delegation of Egyptian Businessmen Discuss Bilateral Investment Ties with KSA

A delegation of Egyptian businessmen met on April 8 with the Saudi Housing Minister Majed bin Abdullah Al-Hogail to discuss future investments in real estate.

Al-Ahly for Real Estate to Establish 100,000 Housing Units in Saudi Arabia

The Saudi Ministry of Housing approves the engineering designs of Egypt’s Al-Ahly for Real Estate Development to establish 100,000 housing units in Dammam and Al-Kharj cities in the Kingdom, Invest-Gate reports.

Reduction in Downpayment on Saudi State-Facilitated Mortgages Could Benefit Thousands

A recent reduction in the minimum downpayment required for state-facilitated mortgages in Saudi Arabia could benefit hundreds of thousands of applicants who currently do not own their home.

Saudis Enraged by Housing Minister’s ‘Preachy’ Tweet

Saudi citizens heavily criticized their housing minister after a tweet in which he quoted Prophet Mohammed asking people to be generous to their neighbors, claiming he should focus on his work rather than preaching.

Saudi Housing Figures Under Criticism

The percentage of homeownership in Saudi Arabia relative to the general population is 63%, according to figures stated by the Saudi General Authority for Statistics Demographic Research Bulletin (pdf) published last ...

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