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Real Estate News Alert.

Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Saturday, November 15, 2008

"Tortoise" Phase Begun in Saudi Arabia Projects - Billions Lost

Every year, the government approves hundreds, and sometimes thousands, of new development projects worth billions of riyals destined for rural areas. The hopes of locals, however, are soon dashed as companies sub-contract out the work and then what is known as the "tortoise" phase begins. ...

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