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The freehold market may have ground to a halt

Although many freehold residential projects across the region are ‘on hold’, regional governments are continuing to commit money to infrastructure and other public projects. Saudi Arabia, for example, has allocated a reported US $36.5 billion of its US $144 billion (SR 540 billion) 2010 budget to education, including construction work on new institutions and premises already under construction. US $3.17 billion has been set aside for construction of 6400 kilometres of roads.