Saudi Azm invests 1.1B Riyals in Jeddah Cove

Azadehar Real Estate Development Company has launched an investment fund valued at 1.1 billion Saudi Riyals to develop the "Jeddah Cove" project along the Jeddah Corniche. This project is an integrated waterfront, commercial, and entertainment destination sprawling over 140,000 square meters with nearly a kilometer of sea frontage. The aim is to enhance Jeddah’s coastal appeal and provide a high-quality entertainment and commercial experience, in line with Saudi Arabia's Vision 2030 to develop the tourism sector and waterfronts. This step comes as part of the Saudi market’s expansion in utilizing investment funds to finance major projects and reflects increased investment in tourism and entertainment destinations in Jeddah.

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