Saudi Pension Fund Seeks Bids for Housing Project, Riyadh Says

Saudi Arabia’s Public Pension Agency is seeking bidders for a housing project in the Red Sea port city of Jeddah, Riyadh newspaper reported, citing a statement by the fund.

The project involves the construction of 1,180 villas, 6,160 flats, a hospital and hotel on an area of 2.6 million square meters (28 million square feet), the newspaper said. Construction is expected to start this year, it said.

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