Saudi Arabia needs 1.5 million new houses: housing minister

15/10/2015 Argaam

Saudi Arabia is facing a shortfall of 1.5 million residential units, the state-owned Saudi Press Agency (SPA) reported, citing housing minister Majed al-Hogail.

 

Supply of units currently stands at 25 percent of the market, while 75 percent of population cannot find affordable products, the minister said.

 

He said there was a need to rely on accurate information in dealing with the housing issue. 

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