First phase of King Abdullah Financial District to be launch...| MENAFN.COM

Tuesday, 25 January 2022 05:26 GMT

First phase of King Abdullah Financial District to be launched soon


(MENAFN) With plans to host the G-20 meeting there in 2020, the first phase of the King Abdullah Financial District project is due to be launched next year, Arab News reported.

Since 2006, a business hub worth USD10 billion has been under construction in Riyadh, King Abdullah Financial District, and will soon get a fresh lease of life under the management of the kingdom's sovereign wealth fund, it said.

The Public Investment Fund (PIF) has finalized a deal to take over the management of the King Abdullah Financial District from the Public Pension Agency, the report stated.

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