SAUDI ARABIA: Sidra Capital forged two partnerships to develop projects in Jeddah and Riyadh. The first partnership with Tashyid Urban Development Company is to develop a SAR450 million (US$120 million) residential tower on the Jeddah Corniche via the establishment of a real estate development fund. The second is with Al Muteb Investment Company to develop a new office tower valued at over SAR200 million (US$53.33 million) on Olaya Road, within Riyadh.
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