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Saudi rental warning
- Saudi Arabia: Monday, December 17 - 2007 at 07:40
Sa'ad Al Rusayes, a board member at the Riyadh Chamber of Commerce and Industry (RCCI), has warned rental rates in Saudi Arabia are likely to increase in H1 2008, reported Gulf News. Al Rusayes said the sector could not absorb any further price rises and he called on the government to implement legislation to bring the market under control. He stressed further price hikes would 'have direct impact on other products'.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 17 - 2007 at 07:40 UAE local time (GMT+4)
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