Saudi Real Estate Co.’s (Al Akaria) initial memorandum signed with Arabian Dream KSA to develop a mixed-use entertainment and shopping complex in Riyadh expired with no agreement reached between both parties, the company said in a bourse statement.

 

The agreement is expected to expire on Oct. 31, 2020.

 

No relevant financial impact was recorded, the statement added.

 

In October 2019, Al Akaria signed an initial partnership agreement with Arabian Dream KSA to develop the world’s largest mixed-use entertainment and shopping complex of its kind at its Widyan site in Riyadh at an estimated cost of $5 billion. Arabian Dream KSA is principally owned by Triple Five Worldwide, owner and developer of the three biggest retail and entertainment centers in North America, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Al Akaria to develop $5 bln entertainment, shopping complex in Riyadh

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request