JEDDAH, 11 August 2005 — The real estate investment in building apartment buildings, villas and commercial centers increased in Jeddah despite the increase in cement prices, Al-Eqtisadiah newspaper has reported. In a recent field study, it showed that currently Jeddah needs 45 thousand housing units to face the large increase in population in the next seven years. It is estimated that the cost will be SR202 billion.

