Mohammad Al Jasser, Governor of Saudi Arabian Central Bank, has said in an interview in Riyadh that Saudi Arabia will soon introduce its first mortgage law that will boost the real-estate industry and allow banks to diversify their portfolios. It will change the house financing and financial institutions role in the housing market in Saudi Arabia.
Saudi Arabian Central Bank Governor said:
It will be a qualitative jump in the way we finance housing in the country and in the way we use financial instruments that are linked to the housing …