Thursday, November 14, 2013

In Saudi Arabia for 30 to 50 years, even then an 'expat' ? | ummid.com

In Saudi Arabia for 30 to 50 years, even then an 'expat' ? | ummid.com
If only half a million expatriates purchased residential property after getting approval from the relevant authorities at a minimum price of SR 500,000 each, then SR 250 billion would be injected into the Saudi economy overnight, and if expatriates were allowed to invest in the Saudi stock market and at a conservative estimate if only one million expats invest only SR 1,000 annually, it would lead to a SR 1 billion year-on-year investment.