dcsimg

Saudi turn to industrial cities for land distribution programme expansion

  • Saudi Arabia: Monday, May 06 - 2013 at 05:17

The Saudi housing ministry has said is has held talks with the Royal Commission for Jubail and Yanbu (RCJY) over the contribution of land to the country's land distribution programme, but none of the kingdom's 29 industrial cities responded, Arab News has reported. "There is no doubt that residential units in industrial cities are not attractive for the workers in those cities. Before we started the new program to give land and loans, we had discussions with the RCJY, but we have not been given any promises yet," said the ministry spokesman, Mohammed Al-Zumai. "I wonder if the Saudi Industrial Property Authority has vacant land that could be given to Saudis as part of the ministry's land distribution program. From our side, we are ready to accept land from them and develop it for citizens," said Al-Zumai.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.

In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.