Investors to set up USD 3 bn mixed-use district at King Salman Park

A local-international consortium led by Kolaghassi Development will set up a USD 3 bn mixed-use district in King Salman Park, according to a press release. The consortium includes Al Othaim Investment and real estate investor and operator RXR, and the development will be supported by Mulkia Investment.

About the project: The development will include 3.7k residential units, a school, hospitality projects, 100k sqm of office space, and commercial spaces.

ALSO- The project also saw over USD 3.8 bn in fresh commitments from undisclosed private sector players across multiple mixed-use districts, the release said without elaborating further.