Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi to build USD66 b housing units  Join our daily free Newsletter

MENAFN - 24/12/2013
No. of Ratings : 0
Add to Mixx!


(MENAFN) #SaudiArabia plans to invest USD66.6 billion in 500,000 new low-cost housing units across the Kingdom, according to Arab News.

Finance Minister Ibrahim Al-Assaf said: "This project has nothing to do with annual budgets. Every year we sign new contracts for constructing housng units and payments for them are made from the SR250 billion allocated for the purpose. This project will not be affected by any negative developments."


The finance minister will be able to take loans or transfer from reserves as per requirements, especially to pay public debts.

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help