Saudi: Homes planned around Riyadh Metro stations
The project, to be carried out with Arriyadh Development Authority, is a part of the housing ministry's plans to diversify residential property in Saudi, a minister said
Residential units are likely to be constructed around the stations of Riyadh Metro.
Ali Al-Jabir, undersecretary for planning and studies at Saudi's housing ministry, said this move is a part of the agency's tenth development plan.
The Kingdom has witnessed a lack of diversity in housing products for "several years", he continued.
The housing ministry has established 22 programmes to rectify this, Al-Jabir added.
It is likely the homes around Riyadh Metro will be developed in collaboration with the Arriyadh Development Authority, the agency behind the rail project.
The housing ministry's future plans include using land near populated areas in cities, diversifying the role of Saudi's Real Estate Development Fund, and setting up a national center for property market research, according to Arab News.