Bloomberg News

Saudi Pension Fund Seeks Bids for Housing Project, Riyadh Says

August 07, 2012

Saudi Arabia’s Public Pension Agency is seeking bidders for a housing project in the Red Sea port city of Jeddah, Riyadh newspaper reported, citing a statement by the fund.

The project involves the construction of 1,180 villas, 6,160 flats, a hospital and hotel on an area of 2.6 million square meters (28 million square feet), the newspaper said. Construction is expected to start this year, it said.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net


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