Saudi PIF Launches Major Residential and Tourism Development in Al-Khafji

PIF launches Gulf Coast Development Company for 16,000 homes, 1,400 hotel rooms in Al-Khafji

RIYADH — The Public Investment Fund (PIF) announced Monday the launch of Gulf Coast Development Company to develop a 20-square-kilometer residential and tourism destination in Al-Khafji, featuring more than 16,000 housing units and around 1,400 hotel rooms.The project will extend along 10 kilometers of the Arabian Gulf coastline in Saudi Arabia’s Eastern Province and will be developed in partnership with the private sector and local and regional investors.PIF said the development is intended ...

By Saudi Gazette