Kuwait City (Trade Arabai) - Heralding a significant development in the real estate sector, Rakisa Holding Company has signed a strategic agreement with three major financial institutions in the region to launch several investment funds in Saudi Arabia's Prince Abdul Aziz Bin Mousaed Economic City.

These funds will be pertinent to several economic sectors which the project is involved in, with total investments topping $2.9 billion (SR10 billion).

The institutions involved in the agreement, singed in Kuwait, include Kuwait Finance & Investment Company, Gulf Finance House and Abu Dhabi Investment House.

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Posted by rjorr at September 5, 2006 9:18 AM