Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
31-01-23
PIF’s AlUla Development Co. starts works to back maintainable advancements
(MENAFN) The AlUla Development Co., entirely possessed by Saudi Arabia’s Public Investment Fund, has started its works to back maintainable improvements in the district, as the nation carries on with its green tourism journey along with the aims underlined in Vision 2030.
The works of the firm are targeting to place AlUla as a top tourist and cultural location for travelers, a said in a mutual press release reported by the company and PIF.
The firm, also known as UDC, is going to operate in cooperation with the Royal Commission of AlUla as well as several private industry entities to back the improvements and functions of a world-class portfolio of worldwide hospitality, residential, retail, commercial in addition to infrastructure assets.
This contains strategic improvement ventures in AlUla which is going to establish more than 7,500 hotel rooms, 5,000 housing units, a staff village consisting of over 1,000 units, in addition to other backing infrastructure.
On its official Twitter account the PIF published that “The real estate business will support the sustainable development and preservation of AlUla, one of the world’s largest and oldest cultural sites, and create jobs and opportunities for Saudi businesses.”
MENAFN31012023000045014228ID1105499288
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us