Abu Dhabi's Gulf Capital will enter Saudi Arabia's real estate market with a US$ 267 million investment plan in the aim to tap growing demand for residential property in the Kingdom, as per company announcements. Gulf Capital will enter the Saudi property market through its Gulf Related unit, which is a joint venture with Related Companies, a large privately-owned property developer in the US.
The initial development will be a multi-million dollar residential project in Riyadh, with the first phase to be completed by early 2015, as per the same sources.
Established in 2006, Abu-Dhabi based Gulf Capital provides private equity investments in various sectors.
Mena Weekly Monitor – Bank Audi