Friday, March 25, 2011

Facing Housing Crisis, Saudi Arabia Sets Up Ministry

REUTERS AFRICA: RIYADH - Saudi Arabia has set up a ministry for housing, the kingdom's state news agency said on Friday, as the world's largest oil exporter seeks to address huge demand for new homes.

The Gulf nation is facing a massive housing problem due to rapid population growth and an inflow of expatriate workers coming to the kingdom. » | Reporting by Jason Benham; Editing by Elizabeth Fullerton | Friday, March 25, 2011