Crown Prince sets target for Kingdom to build one million residential units in five years ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
An ambitious target to build one million affordable residential units over the next five years through developer Roshn, has been set by Saudi Arabia’s Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF). According to a report by the Saudi Press Agency (SPA), in an interview transmitted on the state’s most important Arab television channels, Prince Mohammed unveiled the most important achievements of the Kingdom Vision 2030 programmes and projects over the past five years. Roshn venture, which aims to meet 25% of the Saudi demand, is eyeing a low profit margin of 22.5% on 3% to make the housing units affordable

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