| From Reuters: Shuua Capital's Saudi Arabian unit said its hospitality fund had bought land in Jeddah for a hotel development worth more than $130 million, the first ever land acquisition by a hospitality fund in the kingdom.
The fund, worth over $500 million, is tapping growing demand for hotels in the world's largest oil exporter and will build a luxury project in the Red Sea city worth 500 million riyals ($133.3 million), Shuaa Capital Saudi Arabia said.............................................Full Article: Source
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