RIYADH: Driven by rapidly increasing population and rising demand for residential and commercial properties Saudi Arabia is poised to maintain an annual growth rate of 13 percent in the government's real estate expenditure. According to a leading real estate industry player the demand for housing units will increase by up to 18 percent during the next two-year period. Omar Al-Kadi, President and Managing Director, Injaz Development Company, said the government expenditure would play a significant role in sustaining the real estate development in the country. Al-Kadi said the housing demand in Saudi Arabia would remain very strong and is expected to increase by up to 18 percent between 2010 and 2013. “Government expenditure will play a very important role in sustaining the real estate development activities across the country as the Kingdom continues to address the growing supply and demand gap for residential spaces,” he said. The Kingdom has a huge demand for premium-quality real estate projects, he said adding that his company, a Riyadh-based developer and property investment firm, has received tremendous market response for its ‘Al
