PIF Launches Property Developer for Al Khafji Coastal Project Near Kuwait
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7 Articles
PIF launches Gulf Coast Development Company for 16,000 homes, 1,400 hotel rooms in Al-Khafji
RIYADH — The Public Investment Fund (PIF) announced Monday the launch of Gulf Coast Development Company to develop a 20-square-kilometer residential and tourism destination in Al-Khafji, featuring more than 16,000 housing units and around 1,400 hotel rooms.The project will extend along 10 kilometers of the Arabian Gulf coastline in Saudi Arabia’s Eastern Province and will be developed in partnership with the private sector and local and regional…
PIF launches real estate company for east coast project
Saudi Arabia’s Public Investment Fund (PIF) has launched a real estate company to develop a tourist and residential destination in the country’s Eastern Province. The Gulf Coast Development Company and the private sector will collaborate on the project on the Arabian Gulf’s Al-Khafji coast, in the northern part of the province, a PIF statement said. […]
Economy: Riyadh - Direct: the General Investment Fund announced the launch of the Gulf Coast Real Estate Development Company with the aim of developing an integrated tourist and residential destination on the coast of the Arabian Gulf town of Al Khafji; in keeping with the growing demand for housing and tourism options in the north of the region ...
The Saudi Public Investment Fund continues to enhance its domestic investment in sectors supporting diversification of the economy away from oil, with a new company launching a real estate and tourism project on the coast of the city of Al-Khafji, along with a demonstration of physical development and tourism as an engine of non-oil economic activity in the Kingdom. The Fund launched a new project in Al-Khafji written in the Stock Exchange by th…
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