Kaec Signed Mou With Nef At Cityscape Global To Develop New Hotel, Netail, And Residential ProjectsRiyadh, November 2025: During this year's Cityscape Global, King Abdullah Economic City (KAEC) signed a MoU with Nef, is a leading global real estate developer with a footprint spanning across 3 continents, 7 countries and over 85 landmark projects completed to date. The partnership sets the stage for new hotel, retail, and residential projects that reflect the city's ambition to bring forward global ideas and high-quality development concepts. King Abdullah Economic City (KAEC) is a PIF company, one of the world’s largest sovereign wealth funds with close to 925 billions USD of assets under management. King Abdullah Economic City (KAEC) is a world-class investment hub and a thriving transformative urban destination that bridges competitive industries with future-ready opportunities. Positioned as a catalyst for Saudi Arabia’s Vision 2030, KAEC spans 185 million square meters along the Red Sea coast north of Jeddah, offering a seamlessly integrated ecosystem for businesses, residents, and visitors alike.
18.11.2025English