Signing ceremony
Kun Investment Holding Co. (KIH) and AlUla Development Co. – wholly owned by the Public Investment Fund (PIF) - signed a strategic agreement to launch and develop the Aman Al Hajar project.
The company said in a statement that the Aman Al Hajar resort will include 42 hotel/villa keys and 30 luxury residential units for sale.
The project extends over a prime site of eight million square meters (sqm) in Al Hajar city, the first UNESCO World Heritage site in Saudi Arabia.
Kun will own 80%, while AlUla will own 20% of the joint project.
Kun will assume the leadership role in developing the project and delivering it, with strategic support from AlUla.
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