Public Investment Fund starts coastal project in Al Khafji
The Saudi Public Investment Fund has announced the launch of "Khalij Gulf for Real Estate Development," aimed at creating an integrated tourism and residential destination on the coastline of Al Khafji along the Arabian Gulf. The project is expected to include over 16,000 housing units distributed across eight neighborhoods, in addition to 1,400 hotel units, public, commercial, and tourism facilities, as well as marina spaces. Spanning an area of 20 square kilometers with a 10-kilometer-long waterfront, the project is targeted to complete its first phase by 2030. Its goal is to build an integrated tourism and residential community that promotes sustainable development and enhances the quality of life in the region, while supporting the local economy and diversifying sources of income.
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