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12 December, 2018

Saudi launches two new housing projects

They comprise 734 villas

12 December 2018
Saudi Arabia has launched two new projects for the construction of 734 villas for citizens within ongoing plans to tackle a housing supply gap, a newspaper in the largest Arab economy reported on Tuesday.

One project involves the building of 440 villas in Al-Majmaah city near the capital Riyadh while the other comprises 294 villas in the Northwestern town of Sakakah, the Arabic language daily Okaz said.

Citing a Housing Ministry statement, it said the two new projects are part of "Sakani" (my house) launched by the Ministry a few years ago to construct 300,000 houses at reasonable prices for Saudis.

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Besides villas, the latest two projects comprise schools, mosques shops, parks and other facilities, the paper said.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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