| 17.03.2010 - Saudi real estate acquisition 'could be worth $130mln' |
| From Cityscapeintelligence.com: A new investment on behalf of a hospitality fund aims for the creation of a hotel complex in Jeddah. A Saudi real estate investment potentially worth $130 million is the first private equity fund investment of its kind in the state. SHUAA Capital has purchased land on the Jeddah Corniche on behalf of its hospitality fund and appointed Rotana Hotel Management Corporation to run the site....................................Full Article: Source |