Construction Cranes | Hydraulic Cranes

Saudi government has a very uphill a head of them; it is regarding the housing issue currently faced by a lot of people in the country. The government has a set amount of target for building more houses that it has to achieve by 2014. This mass housing project provides a great opportunity for construction companies, construction equipment companies and used self erecting tower cranes etc.  Saudi real estate market is also forecasted to increase by 2013, leading because of the massive growth in the real estate sector and different housing projects taken up by the Saudi Government.

Because of all the current housing and development projects in Saudi Arabia it has attracted the attention of companies that provide used machinery related to construction. For companies providing used construction equipments and for used mobile tower cranes it has been the centre of attraction. The Saudi Mortgage law is also expected to be approved till July. The increasing number of population of the country would require more and more houses till 2020. The Saudi mortgage law would have a great effect on the Saudi real estate market over the short and medium term, which would be allowing approximately 80% or even more Saudi nationals to become first time homeowners.