Saudi PIF to Financially Back Jeddah Waterfront Redevelopment

Posted on 09/27/2017

Saudi Arabia’s Public Investment Fund (PIF) plans to allocate 18 billion SAR toward redeveloping Jeddah’s waterfront corniche dubbed New Jeddah Downtown. The redevelopment project will have a tenure of over 10 years and include building housing, hotels retail, museums and a marina. The PIF’s waterfront project will have an area of 5 million square meters, […]