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Middle East

Saudi Arabia REIT rules to stimulate foreign investment

The market regulator in Saudi Arabia has approved rules on the listing of real estate investment trust funds, or REITs, in the country. Taqeem, the Saudi Authority for Accredited Valuers has created a licensing system for real estate valuations. The move may stimulate foreign investment in the housing and building sector, something the country desperately needs.

Jan 15, 2016 // 4:59PM

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