KEC signs developer-funded agreement for its Multaqa Residences
Alrashid will finance, build, and sell the project, while KEC retains land ownership and shares in the gains
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Alrashid will finance, build, and sell the project, while KEC retains land ownership and shares in the gains
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The developer already received expressions of interest for around 350 units worth USD 1-1.5 bn
The 18-month project covers phase one of the King Salman Automotive Cluster and other strategic projects
Foreign capital is expected to begin flowing into the market around September, Khattar says
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