Saudi Arabia plans to boost home ownership.
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Saudi Arabia, New Zealand discuss construction cooperation
RIYADH, July 11, 2018
Saudi Arabia and New Zealand have discussed means of cooperation in the field of construction, real estate development, and finding low-cost and sustainable solutions to achieve the objectives of the kingdom's Vision 2030.
The discussions took place during a meeting between the general supervisor of Real Estate Development Fund Khalid bin Mohammed AlAmoudi and the ambassador of New Zealand to Saudi Arabia James Munro in Riyadh, said a Saudi Press Agency report.
Saudi Arabia has unveiled a SR120 billion ($32 billion) housing programme to boost Saudi ownership of homes from 47 per cent to 70 per cent by 2030.
