Real estate developers in Saudi Arabia are set to benefit from strong demand for properties, underpinned by the population growth and home-ownership targets under the government s Vision 2030 programme, according to a report by S&P Global Ratings.
Saudi banks funding profiles are changing amid a rapid expansion in lending, notably driven by new mortgages and underpinned by a state-backed push to increase home ownership, S&P Global Ratings said in a report.
Saudi banks extend real estate loans to $200bn in Q3 of 2023 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.