Housing program aims to raise percentage of homeownership to 60 percent by 2020 and to 70 percent by 2030
Sukuk are a common funding tool in the Gulf, used predominantly by Islamic banks, sovereigns and sovereign-linked firms
The Ministry of Housing hopes to provide 480,000 housing units by 2020
The program will provide affordable and suitable housing units, facilitate housing loans for citizens
Demand for residential property is expected to be underpinned by a growing population
Skyscraper building has slowed in the region, but urbanisation trends mean demand for tall towers will continue
The decline in the fourth quarter of 2017 if compared to the fourth quarter of 2016 is 3.2%
Results of the latest 2017 housing census show that nearly one in two Saudi homes is owned.