The Kingdom’s housing push is getting fresh ink from Bloomberg, which ran a deep dive on Khuzam, a SAR 100 bn master-planned community rising out of the desert, as part of the Kingdom’s push to tackle housing affordability. Investor confidence in Saudi housing is rising as a steadier and more long-term play than nearby Dubai, supported by a large, young population expected to drive demand for years to come. Foreign interest is also on the up ahead of reforms set to allow overseas buyers to own property. “There is a massive amount of capital that wants to be there and you’ll start to see those opportunities open up both on the development and the financing side.” Bloomberg quotes CBRE Group’s Matthew Green as saying.

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