Pact signed for Saudi low-cost housing development

May 27, 2014 1:39 am

Saudi real estate developer, Tamlik has signed an agreement with Green Falcon, an exclusive licensed company of the French GEOXIA system, to embark on affordable housing development in the kingdom, Saudi Gazette has reported. The deal aims to contribute to the efforts of the ministry of housing to achieve the delivery of 500,000 affordable housing units, the two firms said. Green Falcon is licensed to build affordable houses outside France by GEOXIA, a leading French company specialising in affordable housing development.