Crown Prince grants 100 mln sqm of land in Riyadh, other cities: Al Hogail
- Date: 13-Feb-2023
- Source: Argaam
- Sector:Real Estate
- Country:Saudi Arabia
Crown Prince grants 100 mln sqm of land in Riyadh, other cities: Al Hogail
Majed Al Hogail, Minister of Municipal and Rural Affairs and Housing, said that Crown Prince Mohammed bin Salman ordered granting the residential sector 100 million square meters (sqm) of land in Riyadh and other cities, where land and real estate prices are rising.
The ministry and the Saudi Central Bank (SAMA) are working on mitigating the impact of higher interest rates on home, studying this issue to avoid its negative impacts, Al Hogail added.
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