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Asharq Al-Awsat

Business

Riyadh - Asharq Al-Awsat

Residential Land Financing in Saudi Arabia Increases by 60%

Saudi Arabia SAMA

FILE PHOTO: View shows the King Abdullah Financial District, north of Riyadh, Saudi Arabia, May 12, 2016. REUTERS/Faisal Al Nasser

Saudi Arabia's Monetary Authority (SAMA) has recently published data showing an increase of 60 percent in contracts for land financing in January 2022 compared with December 2021.

The hike coincides with ongoing developments in residential real estate regulation and legislation.

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