17 Hrs
Source:
الاقتصادية
Source: الاقتصادية
17 Hrsالاقتصادية
Source: الاقتصادية
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The Saudi Ministry of Investment and Gulf Coast Real Estate Development Company, which is owned by the Public Investment Fund, have signed a memorandum of understanding to attract investment and unlock economic opportunities in Khafji by developing an integrated coastal destination for local and international investors. Covering approximately 20 square kilometres, the destination is expected by 2040 to include more than 16,000 residential units, nine hotels and resorts with around 1,400 hotel keys, over 214,000 square metres of retail space, and approximately 390 boat berths. The partnership aims to attract capital and expertise and expand private-sector participation in the residential, tourism, commercial and service sectors.
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