Current Jeddah property investment estimated to be SR200bn
2012-03-29 - | Saudi Arabia | Latest News - Saudi Arabia: Property investments in the Saudi city of Jeddah are currently estimated at SR200bn, and the ongoing plans to build a number of high-rise buildings reflect the area's current real estate uptrend, Saudi Gazette has reported. The Red Sea port city's real estate sector is undergoing a major resurgence influenced by the government's decision to spend SR47bn on key infrastructure developments to transform the city into a regional hub. The residential segment is a focal point of current expansion plans, with a major 500,000-unit housing project already underway to alleviate the population growth in the city.  

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