HRH Mohammed bin Salman launches Saudi Downtown Company to develop areas in 12 cities ...United Arab Emirates

The Saudi Downtown Company (SDC) has been launched by His Royal Highness Crown Prince Mohammed bin Salman, Chairman of the Public Investment Fund (PIF). The SDC aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia. According to a statement, the company plans to improve infrastructure and build strategic partnerships with the private sector and investors, by creating new business and investment opportunities in key economic sectors including retail, tourism, entertainment, and housing. The 12 cities include: Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran, Jizan, Hail, Al-Baha, Arar, Taif, Dumat Al-Jandal, and Tabuk. SDC will develop over 1

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