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Saudi wealth fund aims USD 8bn for Riyadh's financial hub
(MENAFN) Saudi Arabia's Public Investment Fund will make a bid next month in order to buy Riyadh's uncompleted fiscal hub.
Moreover, the fund may value USD 7.9mn, while the plan involves a new firm to oversee the project's completion and management.
In addition, the financial hub which is almost 70 percent built and will be completed in 2017 has suffered a series of setbacks.
The government is planning to save the fiscal district by providing incentives to banks and firms to take space there.
Moreover, the fund may value USD 7.9mn, while the plan involves a new firm to oversee the project's completion and management.
In addition, the financial hub which is almost 70 percent built and will be completed in 2017 has suffered a series of setbacks.
The government is planning to save the fiscal district by providing incentives to banks and firms to take space there.
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