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City of Knowledge secures 152M Riyals for educational complex
The Knowledge Economic City Company has signed a financing agreement worth 152 million Riyals with the Saudi Investment Bank to fund the completion of the educational complex within the city. The funds will be disbursed in accordance with the project's implementation stages, and the financing will last for 15 years. The guarantees include real estate pledges and promissory notes. It is noted that the complex will be managed by the Riyadh Schools Group, affiliated with the Misk Foundation, with the aim of enhancing the educational infrastructure and attracting investors and residents.
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