SR5 billion sanctioned to build 12,400 homes



JEDDAH: ARAB NEWS

Published — Wednesday 16 January 2013

Last update 15 January 2013 4:30 am

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More than 12,400 housing units will be constructed in different parts of the Kingdom shortly as the Real Estate Development Fund has sanctioned new loans worth SR5 billion.
Muhammad Al-Abdani, director general of the fund said the total value of loans approved for building 12,472 homes in different cities and towns would reach SR5.19 billion.
He thanked King Abdullah and Crown Prince Salman for their support to the fund, adding that it enabled his organization to extend more loans to citizens to build homes.

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