By: Amr Adel
Dubai – Mubasher: Dubai Investments will began working on Riyadh Investments Park in the first half of 2017 in the Saudi capital.
The investment park spreads across around 11 million square meters, Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, told Mubasher.
The project includes warehouses, commercial showrooms, labor amenities, offices and other logistics facilities similar to Dubai Investment Park (DIP), the CEO added.
The company is working on completing the final procedures related to the mixed-use development.
A real estate investment fund worth AED 170 million ($46.3 million) was established in the Kingdom to provide the necessary funding for the project, Bin Kalban added.
The company had a plan to inaugurate a project in the third quarter of 2016, but the master plan has seen some changes.
Translated by: Julian Nabil
