SAUDI ARABIA: Shariah compliant asset manager, SAB Invest, is managing a fund to support the King Salman Park project valued at over SAR3.2 billion (US$853.3 million) to deliver about 50,000 square meters of office space, at least 600 residential units and over 140 hotel keys. The new residential-led mixed-use Package 4, awarded to a consortium led by Retal Urban Development Company, is part of investment packages worth more than US$3.8 billion (US$1 billion) in two newly secured private-sector commitments across multiple mixed-use districts, bringing total committed investment to over SAR20 billion (US$5.33 billion) across five major packages in Riyadh.
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