World

Saudi Arabia steps up urban development with new Alkhobar waterfront project

ALKHOBAR: Saudi Arabia’s Public Investment Fund has launched a waterfront development of 829,000 sq. meters in Alkhobar, with construction contracts and private-sector agreements advancing plans for a mixed-use destination combining residential, commercial and recreational facilities. Prince Saud bin Naif bin Abdulaziz, governor of the Eastern Province, witnessed the launch on Nov. 1 alongside Deputy Governor Prince Saud bin Bandar bin Abdulaziz and Saudi Downtown Co. Chairman Ibrahim Al-Sultan.