Construction & Real Estate

PIF unit signs up Mawref to build worker residential complex in Riyadh

Smart Accommodation for Residential Complexes Company, a Saudi PIF company, has signed an heads of terms (HoT) agreement with Mawref Company to develop a 12,000-bed worker accommodation project on a 120,000 sq m site in a prime location in North Riyadh. ...

Construction & Real Estate

Investcorp unit takes stake in Al Fadhili housing complex firm

Investcorp, a leading global alternative investment firm, has announced that its infrastructure platform, Aberdeen Investcorp Infrastructure Partners (AIIP), jointly owned by Aberdeen Investments, has closed the acquisition of a significant minority equity interest and joined the partnership led by MAWREF Logistics Solutions (MAWREF) in Al Fadhili Field House for Real Estate Development Company in Saudi Arabia....