01 June 2014

The Saudi Real Estate Development Fund (REDF), has approved 11,000 real estate loans totalling SR5.5 billion ($1.46 billion) to eligible citizens to build 13,202 housing units across the country, said a report.

Housing Minister Shuwaish Al Duwaihi, who is also chairman of the board of directors of REDF, said this is the first batch of loans from the fund’s budget for 2013-2014, reported the Saudi Gazette.

• Kingdom Tower to be completed in 2018
• Saudis spend billions on ports
• Schneider Electric signs grid deal
• Aecom wins Jeddah metro contract
• Sabic expands Jubail centre
• $1.5bn power link on way
• $1.46bn real estate loans approved
• Jacobs to manage hospital programme

Tags

Quarrying Green Buildings Britain & the Middle East Real Estate Corrosion Technology Contractors Interiors Railway Construction Regional News Saudi Focus UAE Focus Events Legally Bound Tenders Diary of events Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.