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Saudi land disputes hit market
- Saudi Arabia: Saturday, August 05 - 2006 at 08:47
Land disputes are having a major impact on Saudi Arabia's property industry, reported Reuters. A lack of market regulation and legal uncertainties are causing different parties to lay claim to the same piece of land and, according to rights activists, people are losing out on millions of dollars or even ending up in jail. The kingdom is to introduce a mortgage law later this year to help solve the problem.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 05 - 2006 at 08:47 UAE local time (GMT+4)
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This article was updated on Sat Jun 09 2007.
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