Saudi Arabia: Pedants and politics

Dominic Dudley
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Saudi’s mortgage law has been talked about for many years, and for many years talk was all there seemed to be – any more substantial progress seemed elusive.

"It should be no longer than the end of this year," said one mortgage industry adviser in September 2010. "It’s come to the point where the market is demanding it and needs it. I don’t see a reason for a delay."

One cap on progress has been the need to get all sides to agree. While the legal...