Campaigns Begin for 600 Land Plots

ABHA, 28 August 2005 — Marketing campaigns for more than 600 land plots in Abha worth SR200 million are currently under way, reported Al-Eqtisadiyah newspaper. The real estate activity comes after a recession due to a flow of funds to the stock market and away from real estate. Decreased prices and easy installment plans are aiding the marketing efforts of lands in Abha. Banks and installment companies showed an interest in construction projects on the plots. Cooperation between banks and installment companies are said to attract investments and facilitate dealing. Special advertisements for purchase of the plots were distributed to employees from different professions.