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Saudi Crown Prince unveils new PIF company to develop downtowns in 12 cities

Crown Prince Mohammed bin Salman, Chairman of the Public Investment Fund (PIF), announced on Monday the launch of Saudi Downtown Company (SDC). The new company aims to build and develop downtown areas and mixed-use destinations in 12 cities throughout Saudi Arabia. The 12 cities include: Al-Madinah, Al-Khobar, Al-Ahsa, Buraidah, Najran,…

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