26.05.2016 - Saudi wealth fund said to weigh US$8b bid for financial hub
Saudi Arabia's Public Investment Fund is likely to make an offer next month to buy Riyadh's unfinished financial hub as the government attempts to rehabilitate a project plagued by delays and cost overruns. The fund may pay about 30 billion riyals (S$10.95 billion) - the amount already spent on the King Abdullah Financial District by the kingdom's Public Pension Agency - plus the cost of undeveloped plots, a person with knowledge of the plan said, asking not to be identified as discussions are private. The plan includes a new company to oversee the project's completion and management...............................................Full Article: Source
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