Jeddah Economic City/Kingdom Tower SR3.6 billion financing

Overview:

• Jeddah Economic Company, the owner and developer of the Jeddah Economic City Project and fund manager, Alinma Investment Company have secured SR3.6 billion in financing to develop parts of the Jeddah Economic City.
• The key part of the development is the Kingdom Tower, a kilometre high structure that will be, on completion, the tallest structure in the world.
• The funds have been advanced to the Jeddah Economic City Real Estate fund by Alinma Bank.

Sam Duke - Editor