Kingdom City sold for US $240mn ...United Arab Emirates

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Kingdom City sold for US $240mn
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 28
Saudi conglomerate Kingdom Holding Company has sold its residential complex – Kingdom City – to a real estate fund affiliated with Alawwal Investment for US $240mn. Located in the Al Rabie neighbourhood of Riyadh, Kingdom City is one of the most prominent luxury residential complexes in the Saudi capital and is situated at the intersection of Al Thumama Road and King Abdulaziz Road. The complex features 384 residential units along with other key facilities, distinguished by its proximity to current and future quality projects in Riyadh, such as the King Abdullah Financial Center, the Sports Boulevard Project, King Salman Airport, and Roshan Front. The conglomerate stated that there will be n

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