Client has signed a framework cooperation agreement with the Tourism Development Fund, FTG Development Co., Albilad Investment Co. and Ekofine Holding BV to establish a SAR 1.8 billion closed and private investment fund. The fund, which will follow the requirements of the Capital Market Authority (CMA), will be responsible for developing and operating the 5-star resort and hotel with a water park and luxury overwater villas under the Rixos brand, one of the trademarks owned by Accor International.
Project is currently under design stage.
Project is currently under design stage.
March
29
2024
Friday
LAST UPDATED
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