One Billion Riyals for Diriyah Housing
AlUla Company and the Arab National Bank have signed a financing agreement worth 2 billion riyals to develop a collection of hotel residences in AlUla and Wadi Safar, marking their first collaboration of this kind. The agreement aims to build luxurious residential units for international hotel brands, as part of the company's plan to develop the 14-kilometer AlUla project and the 62-square-kilometer Wadi Safar plan. The strategy targets the construction of 18,000 luxury housing units capable of accommodating approximately 100,000 residents in the area.
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