March 6, 2019 / 6:38 AM / 2 months ago

Saudi sees investment in housing sector at 60 bln riyals in 2019

RIYADH, March 6 (Reuters) - Saudi Arabia’s housing minister Majed al-Hogail, said on Wednesday he expects invesment in the housing sector to reach 60 billion Saudi riyals ($16.00 billion)in 2019.

The private sector is now financing 100 percent of housing market needs, up from 35 percent previously, the minister also said in a speech at a conference. ($1 = 3.7502 riyals) (Reporting By Marwa Rashad Writing By Maha El Dahan Editing by Shri Navaratnam)

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