Construction work on Riyadh Investment Park is due to start early next year, CNBC Arabia reported, citing Khalid bin Kalban, chief executive of Dubai Investments.
The mixed-use business park was announced in mid-March 2015, and construction work was due to start in the same year.
The park will spread across 11 million square meters and will include warehouses, commercial showrooms, offices, and other logistics facilities, similar to the Dubai Investment Park (DIP).
"A number of proposals are also under negotiations to replicate Dubai Investments’ success and business models in different markets," Bin Kalban said last December.
Dubai Investments, which will own 25 percent of the new park, will likely provide 10-15 percent of the project's financing. The remaining portion will be provided by other investors.
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