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Saudi Arabia develops four housing projects north of Riyadh
The article discusses the development of four residential projects in Riyadh, launched by the Ministry of Municipalities and Housing of Saudi Arabia in partnership with landowners. The goal is to stimulate the real estate supply and expand housing options. The agreements aim to transform raw land into diverse residential units (apartments and multi-story buildings) and to accelerate real estate development in line with Vision 2030, which seeks to increase homeownership rates and reduce the gap between supply and demand in the market. This initiative is part of the government's efforts to create a conducive investment environment and to develop a sustainable housing sector in the kingdom.
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