More than 60 real estate and investment companies are participating in the 8th Jeddah International Real Estate, Finance and Housing Exhibition (JIREX2010), which is now in progress. Khaled Aqeel, Deputy Mayor of Jeddah, who opened the five-day event, said the building of new housing units in Jeddah will create a balance between supply and demand. Over the coming week the Jeddah municipality will announce new residential developments, he was quoted as saying in a report of Okaz Arabic newspaper, which was published today by the Jeddah-based Saudi Gazette. --MORE