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Assaf, S A (1987) Feasibility assessment of large-scale housing development in Saudi Arabia: a case study. Construction Management and Economics, 5(02), 157-68.
- Type: Journal Article
- Keywords: feasibility; funding programme; housing; real estate; Saudi Arabia
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446198700000014
- Abstract:
This paper aims to examine the relationship between real estate development in Saudi Arabia and a funding programme established by its government for increasing the housing stock. A descriptive analysis of recent activities in housing production shows that the programme has become a highly profitable vehicle for real estate investment, and yet nowadays the real estate business is facing some problems. It is suggested that a new orientation towards large-scale estate development is needed to alleviate the difficulties. The results of a feasibility assessment of such a case using the funding programme corroborate this suggestion based on investment return.