Sunday, 04 June 2023 11:18 GMT

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.

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