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Pensioner housing project launched in Saudi Arabia

Saudi Arabia's National Society for Retirees has launched a housing programme, under which housing units will be constructed for male and female retirees who are members of the society, at lower than the market price, Saudi Gazette has reported. Under the terms of the initiative, retirees will be able to pay for these housing units on instalment basis. They will also have the option to build on a land he or she owns or to purchase a ready housing unit.