From Maktoob.com: Kuwait’s Global Investment House plans to launch next year a 500 million Saudi riyal ($133.32 million) fund to invest in the Kingdom’s real estate sector, Al-Rai daily reported on Sunday.

Ziad Awad, head of Asset Management for Global in Saudi Arabia, told the paper that the new fund will be launched in 2010 with a tenor of three to five years……..Full Article: Source