Riyadh - SPA

Minister of Housing inaugurated the 3rd Housing Forum today in concurrence with the
Property, Housing and Urban Development Fair. The minister emphasized several
achievements including establishing a mechanism for identification of priority and
entitlement to housing as a tool for organizing of housing subsidy. Online housing
applications and inquiry are efficiently handled through a special portal.

A new housing leasing system has been developed that meets the requirements of all
parties including lessors, lessees, brokers and investors.