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Saudi PIF launches real estate company to develop al-Khafji area

Saudi Arabia’s PIF launched a real estate company to develop the al-Khafji area bordering Kuwait on the Gulf as a coastal destination with residential units and hotels, state TV reported.

Saudi Arabia's PIF sovereign wealth fund launched on Monday a real estate company to develop the al-Khafji area bordering Kuwait on the Gulf as a coastal destination with residential units and hotels, state TV reported.