3D-printed move from Dubai citadel to El Salvador slum

Ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum, signs on the board during the official opening of the world's first functional 3D printed offices in Dubai. (Reuters)
Updated 17 March 2018
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3D-printed move from Dubai citadel to El Salvador slum

BOGOTA: Dozens of families living in El Salvador’s slums hope to swap their makeshift wooden shacks for concrete 3D-printed houses next year, in what developers say is the first project of its kind in the world.

ICON, a Texas-based construction technology company has unveiled a 350 square foot (33 square meter) house, which it printed and built in two days using a gigantic, portable 3D-printer.

“Something that sounds like science fiction is real,” Jason Ballard, ICON’s co-founder, told the Thomson Reuters Foundation.

“We plan on printing a whole sort of development ... not just a 3D-print house but a 3D-printed neighborhood.”

Globally nearly 1 billion people live in slums, often in shacks made from scraps of metal and wood with dirt floors, according to the UN, which predicts the world’s population will reach 8 billion by 2030.

Innovators are racing to develop quick, cheap technology to address global housing needs. Dubai opened in 2016 what it said was the world’s first functioning 3D-printed office building.

Ballard said ICON’s house is the first to be built on site and receive a permit — from the UScity of Austin — allowing someone to live in it.

“We had to build it to the highest international standards of building safety,” he said.

New Story, which builds homes in developing countries, has partnered with ICON and they plan to transport an updated version of the 3D-printer to El Salvador and produce 600 to 800 square foot versions of the house in 24 hours.

They plan to build about 100 homes for people in slums in the Central American nation within 18 months, while reducing building costs to about $4,000 from $10,000.
“It represents the chance for breakthrough technology to come to developing areas first,” said Alexandria Lafci, co-founder of San Francisco-based New Story.
“Having a safe home is truly a foundation.”

Living in a hazardous shack or tent is dangerous for people’s health and wellbeing, making it difficult to perform well at school or work, she said.

A mix of concrete, water and other materials are pumped through the 3D-printer, which then pours out a hybrid of concrete mortar that hardens as it is printed, producing layers of structures used to build a house.

“The material has to be have some pretty unique features. It has to flow out ... but it can’t flow like water as you would just have a puddle of concrete and so it has to set pretty quickly,” Ballard said.

“This is meant to be long-term sustainable housing. Concrete is one of the most well understood materials on earth and it’s also one of the most resilient.”
Two possible sites where the 3D-printed homes could be built on have been identified, one outside the capital San Salvador and another about two hours away from the city, Lafci said.

Local authorities will grant the land on which the homes will be built on to the slum-dwellers, she said.

Families taking part in the project will pay a small, interest-free mortgage, which should take between five and 12 years to clear, she said.

“When they pay off their mortgage, they own both the home and the land that the house sits on,” Lafci said.

“Land ownership can be a stride to getting out of poverty.”


Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

Updated 22 February 2026
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Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

RIYADH: Saudi Arabia’s foreign reserves climbed 3 percent month on month in January to SR1.78 trillion, up SR58.7 billion ($15.6 billion) from December and marking a six-year high.

On an annual basis, the Saudi Central Bank’s net foreign assets rose by 10 percent, equivalent to SR155.8 billion, according to data from the Saudi Central Bank, Argaam reported.

The reserve assets, a crucial indicator of economic stability and external financial strength, comprise several key components.

According to the central bank, also known as SAMA, the Kingdom’s reserves include foreign securities, foreign currency, and bank deposits, as well as its reserve position at the International Monetary Fund, Special Drawing Rights, and monetary gold.

The rise in reserves underscores the strength and liquidity of the Kingdom’s financial position and aligns with Saudi Arabia’s goal of strengthening its financial safety net as it advances economic diversification under Vision 2030.

The value of foreign currency reserves, which represent approximately 95 percent of the total holdings, increased by about 10 percent during January 2026 compared to the same month in 2025, reaching SR1.68 trillion.

The value of the reserve at the IMF increased by 9 percent to reach SR13.1 billion.

Meanwhile, SDRs rose by 5 percent during the period to reach SR80.5 billion.

The Kingdom’s gold reserves remained stable at SR1.62 billion, the same level it has maintained since January 2008.

Saudi Arabia’s foreign reserve assets saw a monthly rise of 5 percent in November, climbing to SR1.74 trillion, according to the Kingdom’s central bank.

Overall, the continued advancement in reserve assets highlights the strength of Saudi Arabia’s fiscal and monetary buffers. These resources support the national currency, help maintain financial system stability, and enhance the country’s ability to navigate global economic volatility.

The sustained accumulation of foreign reserves is a critical pillar of the Kingdom’s economic stability. It directly reinforces investor confidence in the riyal’s peg to the US dollar, a foundational monetary policy, by providing SAMA with ample resources to defend the currency if needed.

Furthermore, this financial buffer enhances the nation’s sovereign credit profile, lowers national borrowing costs, and provides essential fiscal space to navigate global economic volatility while continuing to fund its ambitious Vision 2030 transformation agenda.