Real estate development in the Eastern Province is set to receive a boost as two Saudi firms agree to launch a fund worth SR1.37 billion ($365 million)
Saudi firms launch $365m fund to boost real estate development in Eastern Province arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi-based developer Retal said one of its key subsidiaries has secured a SAR2.8 billion ($770 million) contract from Roshn, the PIF-owned giga project developer, for the construction of 1,962 residential units at its premium project Aldanah in Dhahran.
Marriott International and Al Qimmah Hospitality have signed an agreement to introduce the JW Marriott brand in Jeddah. Situated on the Jeddah Corniche, JW Marriott Hotel Jeddah will serve travellers who seek an escape to the waterfront destination.