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King Abdullah District to launch first phase this year–official

King Abdullah District to launch first phase this year–official
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By Maged Al-Shabib

Riyadh-Mubasher: The first phase of King Abdullah Financial District (KAFD( will be launched this year, said Ali Al Assaf, CEO of Al Ra'idah Investment Co.

On the sidelines of Jeddah Real Estate, Housing and Urban Development Exhibition, Al Assaf told Mubasher that the second phase will likely be launched in late 2017.

Al Ra'idah's mega housing project in Jeddah will be completed at the end of 2019.

Al Ra'idah, a Saudi joint stock company, is an investment arm of Public Pension Agency.

Translated by Abdul Maguid Aboshahla