1 Day
Source:
الاقتصادية
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Capital Investment Buys Jeddah Cove
Alistithmar Capital, the investment arm of the Saudi Investment Bank, has taken over the "Jeddah Cove" project with a value of 1.1 billion riyals, aimed at developing a commercial and entertainment destination on Jeddah Corniche. The project is situated on a one-kilometer waterfront frontage along the city’s Corniche, covering an area of 140,000 square meters, near international hotels and tourist landmarks. The goal of the project is to provide an experience that combines luxury and quality of life, thereby enhancing Jeddah's status as a major tourist destination in Saudi Arabia. It is part of broader expansion plans in the real estate market.
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