By browsing on our website, you are agreeing to our cookies policy.

Alinma Investment and Jeddah Economic Company (JEC), co-founded by Kingdom Holding Company (KHC),

penned a SAR8.4 billion (USD2.24 billion) real estate fund agreement, to be named Alinma Jeddah Economic City Fund.

Initially, its purpose will be to develop the first phase of the Jeddah Economic City project and finish construction works on Jeddah Tower as well as a number of developments within the scheme. H.R.H. Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman, Kingdom Holding Company, noted that the primary purpose of Jeddah Economic City is to provide a state-of-the- art living, working and entertainment environment for its community to enjoy a unique way of life.