PIF buys SAR 2 bln landplot in Riyadh

07/10/2018 Argaam

 

Saudi Arabia's Public Investment Fund (PIF)  today purchased a plot of land in Riyadh for SAR 2.17 billion, in the tenth auction of property from the late Sheikh Saleh Al-Rajhi’s estate.

 

The Al Ghadir land plot, which spans 434,400 square meters (sqm) was sold at at a price of SAR 5,000 per sqm.

 

The purchase was carried out by the sovereign fund's real estate portfolio.

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