Saudi’s KAEC inks deal on financing solutions for construction projects

Saudi’s KAEC inks deal on financing solutions for construction projects

Saudi Arabia's King Abdullah Economic City (KAEC) has inked a memorandum of understanding with the Project Support Fund initiative of the kingdom's Ministry of Finance, and the Economic Cities and Special Zones Authority (ECZA) in order to stimulate development and raise the attractiveness of investment in King Abdullah Economic City.The chief executive officer of the KAEC, Ahmed Ibrahim Linjawi, confirmed that the three parties will work to strengthen joint cooperation to invest in development projects in three main sectors, including the education sector in the form of the construction of universities, colleges, schools, and educational complexes; the health care sector in the form of the construction of hospitals and specialised centres; as well as the real estate sector in the form of