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<title>Saudi mega cities take off</title>
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<description><![CDATA[Work is under way at the first of Saudi Arabia’s six new economic cities. The projects at Madina, Hail, Tabuk, Jizan, Ras Az Zour and Rabigh, are designed to accelerate major regional development.]]></description>
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<title>Saudi mortgage law awaits confirmation</title>
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<description><![CDATA[Saudi banks and developers expect that a regulatory framework governing the provision of housing finance, in particular mortgages, will be agreed soon. Draft proposals are being considered by Saudi Arabia’s Consultative Council (Majlis Al-Shura).]]></description>
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<title>Saudi rail projects build up steam</title>
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<description><![CDATA[The Kingdom’s railway development programme is beginning to gain traction with Saudi Railways Organisation (SRO) stating that an award for the strategic rail link connecting Jeddah and Dammam via Riyadh will be made by June.]]></description>
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<title>Saudi education development is economic priority</title>
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<description><![CDATA[Saudi Arabia spent some $15bn on educational development in 2007, mainly to fund existing and open new universities as part of a priority programme to develop higher education.]]></description>
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<title>Saudi sovereign fund could be global leader</title>
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<description><![CDATA[The vice-governor of Saudi Arabian Monetary Agency (Sama), Mohammed Al-Jasser has confirmed that the Kingdom intends to establish a sovereign wealth fund. The fund is expected to have an initial $6bn capital which is probably going to be invested into equities, he says]]></description>
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