US $1.1bn mixed-use development launched in Saudi Arabia ...United Arab Emirates

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US $1.1bn mixed-use development launched in Saudi Arabia
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 38
A new US $1.1bn mixed-use development will be developed following a partnership between the King Salman Park Foundation and Saudi developer Naif Al Rajhi Investment Company. Unveiling the project, the Foundation said this was the first public-private partnership project managed and funded entirely by the private sector. Spread over a 290,000sqm area within the Park premises, the project will feature over 1,500 residential units that will include Salmani-style apartments and townhouses overlooking the park. In addition, it will boast 140,000sqm of gross leasable areas for offices and retail, hotels, schools, and several educational, health, sports, recreational and social facilities. Accordin

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