The annual number of units will be about 257,000 at the upper end of the estimates and assuming the continued growth of the population of citizens and the growth of the non-Saudi population.
In the medium estimates, it is assumed that the foreign population will grow at a rate of 1.5 percent. In the medium estimates, the foreign population is assumed to grow at a rate of 1.5% per year and the construction of projects ranging from 250 to 350 thousand, in which case the number of units per year will range from 160 to 180 thousand over the next five years."
At the lower end of the estimates, the number of units per year will be about 257 thousand. <At the lower end of the estimates, the strategy assumes no increase in the non-Saudi expatriate population and total construction is limited to between 115,000 and 400,000 housing units per year over the next five years. The strategy indicated that the variance ranges between 115 and 257 thousand housing units per year, which requires a flexible framework to deal with different scenarios of housing demand.
