(MENAFN - Arab News) Housing minister shuwaish al-dhuwaihi has warned developers against inflating the price of land and housing units.
the minister stressed the importance of providing housing at affordable prices during the launching of the real estate housing and urban development exposition held at the riyadh international convention and exhibition (rice) on sunday night.
a large number of officials developers and investors attended the event the largest expo of its kind in the kingdom that saw a heavy turnout of both visitors and investors.
he also urged developers to stick to construction codes specifications and standards in the implementation of their real estate and housing projects.
the minister provided a short brief on real estate projects and housing on display before he left.
as many as 80 real estate and investment companies besides banks are taking part in this year's expo which will conclude on wednesday. participants at their pavilion are offering various services while banks will provide house loans and other services for the real estate and housing sector.