International Investment Bank (IIB) Targets 1/2 Billion Saudi Housing Project

IIB Eyes $500M Saudi Housing Project
Zawya

MANAMA: Saudi Arabia, with a shortage of 100 million housing units and a monthly demand of 150,000 and 200,000 units, is seen as the most promising realty sector market in the region, a top banker at International Investment Bank (IIB) said. IIB will participate in one of the major housing projects in Saudi Arabia this year and the expected total size of the project will be $500 million," said Aabed Al-Zeera, board member and Chief Executive of Bahrain-based IIB. ...